Toulouse-based Infinite Orbits, a pioneer of in-orbit servicing, said it secured an oversubscribed €40 million financing round to become Europe’s leading provider in its market segment.
“Backed by a solid €150 million order book, a key factor in securing investors’ confidence, Infinite Orbits is pursuing a growth strategy designed to build a truly pan-European footprint,” said the firm.
“Its goal, actively supported by several private funds, is to strengthen Europe’s space sovereignty.
“Resulting from a deliberate strategy to build a pan-European presence, this financing round is backed by major private investors from across the continent, united by a shared ambition: fostering the emergence of an in-orbit servicing European champion, serving the continent’s space sovereignty.”
The European Innovation Council Fund along with Matterwave Ventures, Wind Capital, Balnord, IRDI and Newfund Capital took part in this financing round.
“This financing round illustrates how the coordinated mobilization of European private capital can strategically support the emergence of a leader in in-orbit servicing,” said Adel Haddoud, CEO of Infinite Orbits.
“With its positioning, the relevance of its service offering, and the excellence of its technical expertise, Infinite Orbits clearly stood out as the ideal European candidate, earning the confidence of customers and investors.”
Infinite Orbits said it also aims to replicate the partnerships it has established with the French sovereign institutions, working closely with other European sovereign counterparts to strengthen cooperation and resilience in orbit.
The company added: “Supported by first-tier strategic investors from all around Europe, Infinite Orbits is preparing an expansion of its geographical footprint, with new offices being opened in Luxembourg, Spain, UK, Germany and Poland.
“At the same time, this financing round will help the company accelerate the deployment of its fleet of satellites dedicated to inspection and life-extension of critical GEO assets to ensure security and sustainability of orbital operations.
“By combining territorial expansion and accelerated in-space deployment, Infinite Orbits is becoming a key player in consolidating a more autonomous, competitive, and resilient European space ecosystem.
“With a dual-use order book worth €150 million to be delivered in the next 3 years, Infinite Orbits has proven its solidity and gained the trust of customers worldwide.
“This new round marks the beginning of a new phase for Infinite Orbits, set to significantly increase its backlog and open the market to new space use cases beyond 2030.”