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EnduroSat has been working hard to develop software-defined NanoSats, offering simple in-orbit operations and data handling. “The investment will streamline our mission of empowering academia, businesses, and science teams across the globe to test and validate their technology in space.
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Currently, the company is serving over 110 clients worldwide. It is one of the fastest growing spacetech companies in Europe recording a yearly growth of over 250 per cent. As such, it will help boost jobs and innovation in a highly disruptive and cutting-edge sector that will define our future.”ĮnduroSat provides software-defined nanosats and space services for businesses, exploration, and science teams. “It promotes a new space industry segment that aims to democratise and improve access to space and related space technologies and applications for everyone in a way that respects the environment. “The first European Guarantee Fund venture debt signature with the Bulgarian scale-up EnduroSat is excellent news for the Bulgarian economy and Europe’s competitiveness as a whole,” says EIB vice-president Lilyana Pavlova. The financing is being offered under a newly available venture debt instrument backed by the European Guarantee Fund, set up by the EIB to support companies during the Covid-19 pandemic. Photo: EnduroSat via Facebookīulgarian spacetech scale-up EnduroSat gets 10 million euros from the European Investment Bankīulgaria’s EnduroSat, a company providing solutions for the global space market, and the European Investment Bank (EIB) have announced a venture debt financing agreement of up to 10 million euros. To keep you up to date with the latest investments, innovations, movers and shakers, each Monday Emerging Europe brings you a handy round-up of the region’s start-ups which closed financing rounds over the previous seven days. Made in Emerging Europe: EnduroSat, TS VenturesĮmerging Europe’s start-up scene is thriving: new money is pouring into the market all the time.