Overview
- The company announced an oversubscribed €300 million round led by Lightrock on Monday, with participation from ETF Partners, Institut Català de Finances, Entrepreneurs First and two large pension funds.
- Open Cosmos said the funds will expand its ConnectedCosmos, OpenConstellation and DataCosmos platforms to deliver near-real-time Earth observation, onboard AI processing and secure point-to-point communications.
- The firm highlights five years of profitable growth, a 100% mission success rate and four European factories that it says can produce one satellite per day to meet growing orders.
- Regulators recently approved Open Cosmos to supply deployable communications to the UK Tactical Communications framework, strengthening its pitch as a sovereign-capable supplier for defence, disaster response and critical infrastructure protection.
- The raise adds to a larger wave of big European space financings this year and could speed job growth, increase national resilience in orbit and sharpen competition with U.S. space firms that currently attract more capital.