ReOrbit completes oversubscribed $7.4m seed funding to enable real-time dataflow in space

ReOrbit completes oversubscribed $7.4m seed funding to enable real-time dataflow in space

Published: 06-09-2023 10:04:00 | By: Pie Kamau | hits: 3417 | Tags:
Aerospace
Data
Finland
September 2023
Software
Tech
Venture Capital & Private Equity

ReOrbit, a Helsinki-based provider of software-enabled satellites, has completed an oversubscribed Seed funding round for $7.4 million, led by Inventure VC, along with participation from 10x Founders, existing investor Icebreaker.vc, Expansion, and Yes VC.

Sethu Saveda Suvanam, CEO and Founder, ReOrbit: "This is a very important milestone for ReOrbit, and we are thrilled to have secured this significant support from our new and existing investors. Our outstanding team is dedicated to delivering cutting-edge solutions that meet the highest global quality, security and operability standards. We can now accelerate our development strategy focusing on international expansion and products that make a difference. We have a very strong pipeline, and this funding will enable us to deliver multiple space systems."

ReOrbit enables real-time dataflow in space and provides Earth Observation and SatCom operators with flight software, satellite platforms, and complete systems. Thanks to its highly flexible software-first architecture, ReOrbit can adapt its satellites to different missions and support any payloads with powerful flight capabilities whilst keeping cost and time-to-orbit low. ReOrbit has been profitable since it was founded, gaining strong traction with customers ranging from governmental and institutional sectors to commercial satellite operators.

Tuomas Kosonen, Partner, Inventure VC: "ReOrbit represents the next frontier of the new space economy. We are happy to support the rapid growth of the company and its continuous impressive work on advancing breakthrough technologies in space."

www.reorbit.space