Italian in-space logistics company D-Orbit has announced that it has extended its Series C funding round to €150 million.
Established in 2011, D-Orbit offers last-mile in-space logistics services for customer satellites aboard its ION space tug. To date, the company has launched 16 successful missions and is planning to launch an additional seven missions in 2025 alone.
In January 2024, D-Orbit announced that it had completed the “first closing” of its Series C funding round, raising €100 million. On 27 September, the company revealed that it had added an additional €50 million to its Series C for a total closing value of €150 million.
The round was led by Marubeni Corporation, a company that holds the exclusive rights to distribute D-Orbit’s services in Japan. With its investment, the company’s distribution rights will expand to Southeast Asia.
Existing investors CDP Venture Capital, Seraphim Space Investment Trust, Indaco Venture Partners, Neva SGR, and Primo Ventures recommitted to the company. The round also included contributions from a number of new investors including Avantgarde, Iberis Capital, the European Innovation Council Fund, and Terna Forward.
The funding raised will be utilized by the company to continue the development of its space cloud computing and for strategic acquisitions to expand the D-Orbit product offering. It will also be utilized to accelerate the deployment of its other in-orbit services, which will include satellite lifespan extension and space debris removal.
