ReOrbit Secures €45M for Satellite Production, Aims for €1B in Sales
Finnish spacecraft developer ReOrbit has secured a significant boost with a €45 million Series A round. This is the largest all-equity round for a Finnish company, led by Springvest with participation from other international investors.
ReOrbit aims to scale up production of its Silta and Ukko satellite lines. The company plans to move into a historic Helsinki building to accommodate parallel production of eight small GEO satellites. To support this growth, ReOrbit expects to increase its employee base to 200 to 250 people by the end of 2026.
The company has developed a software architecture called Strawberry, comparable to a company operating system. This technology, along with the raised funds, will help ReOrbit achieve its ambitious goal of reaching €1 billion in sales in four years. ReOrbit's business model involves selling sovereign capacities, giving customers more control over supply chains and data.
With this substantial investment, ReOrbit is poised for significant growth. The company's plans to expand production and employee base, coupled with its innovative software architecture, position it to become a major player in the spacecraft industry. The successful financing round, led by Springvest, also highlights the confidence international investors have in ReOrbit's potential.
