Satellite startup Open Cosmos raises €300m amid space frenzy
Spanish satellite company Open Cosmos has concluded its largest funding round of an emergent Spanish firm this year, totaling 300 million euros, with investors including Lightrock, ETF Partners, ICF, Entrepreneurs First, and two international pension funds. The funds were utilized to bolster the company's real-time connectivity and intelligence services, as well as expand its satellite manufacturing capabilities.
Open Cosmos, founded by Rafel Jordà in 2015, aims to democratize access to satellite data for more organizations and small-to-medium-sized enterprises. The company has several locations across Spain, including Barcelona and the Balearic Islands, and a presence in the UK, Portugal, and Greece. The funding round comes as the Spanish space sector experiences rapid growth, with recent funding rounds highlighting its strategic importance.
Minister of Industry and Tourism, Jordi Hereu, lauded the investment for its role in enhancing Spain's technological and space sovereignty.
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