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66 UK-based NewOrbit raises €16 million to build commercial satellites for very low Earth orbit (VLEO)

EU-Startups
Rahul Raj @ EU-Startups 1 place · today 07:00 EDT

UK-based NewOrbit raises €16 million to build commercial satellites for very low Earth orbit (VLEO)

NewOrbit, a Reading-based SpaceTech company building satellites for very low earth orbit (VLEO), has closed an oversubscribed €16 million ($18.5 million) Series A round to fund the launch of the world’s first commercial satellite to fly at 200-300 km.  The round was led by Voyager Ventures, with leading angel investors including David Kirk (former Chief ...

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