The fund is supported by a diverse group of institutional investors, corporates, family offices, and long-term partners.

The fresh funding was backed by Kibo Ventures, alongside returning investors 4Founders Capital, Abac Nest Ventures and Decelera Ventures.

The €3 million pre-seed financing round was led by Criteria Bio Ventures.

The new fund saw support from leading European family offices with deep expertise in the consumer sector.

The round was led by Ship2B Ventures and CDTI, with participation from Seaya Ventures, Breega Venture II, and Sicar.

The round was led by Dutch venture capital firm TIN Capital.

The seed funding round was led by Shilling VC, with participation from Indico Capital Partners, Pitchdrive, and Secways.

According to the startup, this funding marks the largest European investment to date in very low Earth orbit (VLEO) satellite technology.