Isar Aerospace raises €165m Series C for Spectrum launcher

The company says the funding will enable it to ramp-up the cadence of its Spectrum launch vehicle and scale up its production capabilities to meet a strong order book for launches of small and medium-sized satellites.

“At the same time, the Series C will allow the company to keep investing in developments for new initiatives and products, and to continue building on its vertical integration, especially its automated production capabilities that significantly lower the cost of building rockets.”

The investors comprised: 7-Industries Holding, Bayern Kapital, Earlybird Venture Capital, HV Capital, Lakestar, Lombard Odier Investment Managers, Porsche Automobil Holding SE (Porsche SE), UVC Partners and Vsquared Ventures.

Part of the funding provided by the private investors is backed by the European Union and regional programs managed by the European Investment Fund, such as InvestEU and the German Future Fund.

Already known as the “most well-funded space start-up” in EU, the company noted that the latest investment represented “the largest SpaceTech financing round in 2023 globally”.

Bulent Altan, Chairman of its Advisory Board and seed investor in Isar Aerospace, said:

“The undeniably most common building block of any space application is reliable and affordable access to orbit. Isar Aerospace is a catalyst for the tremendous growth of the sector. With a crisp and fast execution, focus on quality, and establishing capabilities for future volume production, Isar Aerospace is emerging as a strong leader in the space economy.”

See also: ESA gives Boost! to commercial space transportation

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