D-Orbit Closed a 150 Million Series C Round, Supported by Private Investors

Italian scaleup D-Orbit has completed the second closing of its Series C round, raising €150 million. A success made possible by the company’s 16 successful missions, including 14 ION Satellite Carriers launched since 2020, with seven more planned for 2025.

These missions have tested innovative technologies, such as sensors to track space debris and AI/ML applications for emergency management.

The funding will enable D-Orbit to further develop its space cloud computing and in-orbit servicing capabilities, facilitating collaborations with governments and space agencies.

Many new and existing investors participated in D-Orbit round

The round was led by Marubeni Corporation, a Japanese giant, solidifying a partnership that aims to revolutionize space logistics.

Existing investors also participated: CDP Venture Capital, Seraphim Space Investment Trust, Indaco Venture Partners, Neva SGR, a venture capital firm of the Intesa Sanpaolo Group, and Primo Ventures.

And, in addition, D-Orbit round also attracted new investors such as Avantgarde, a family office with roots in the pharmaceutical and space industries, Iberis Capital , a Portuguese private equity and venture capital portfolio manager, the European Innovation Council (EIC) Fund, Phaistos Investment Fund , a venture capital fund managed by 5G Ventures and backed by the Greek state.

The role of private investors and ClubDeal Digital

But the 150 million raised also includes a ticket of over 2 million euros, thanks to the involvement of several Private Bankers and High Net Worth Individuals (HNWI), made possible also by the collaboration with CFO SIM, part of CFO-Corporate Family Office, specialized in Wealth Advisory services, which allowed the only entry of private investors within this round.

CFO SIM managed the operation through the ClubDeal Digital platform, following, moreover, an initial collection carried out for D-Orbit in 2020, on that occasion collaborating with the private banking structures of Banca Sella and Sparkasse.

Antonio Chiarello , founder of ClubDeal Digital, said: “ Thanks to ClubDeal Digital, the HNWIs of our network had the unique opportunity to participate in a high-level investment round. Our platform allowed them to invest in a completely digital, safe and reliable way alongside institutional investors. The success of this operation demonstrates the validity of our model in making access to venture capital and private equity investments easier and more immediate.”

How the funds will be invested

The funds raised by D-Orbit will support the development of a circular space economy, transforming space debris into valuable resources and promoting space sustainability.

In addition to existing satellite deployment and payload hosting services in orbit, D-Orbit is now ready to expand its services with satellite life extension and space debris removal.

Part of the funds will finally be allocated to strategic acquisitions to expand the product range.

Luca Rossettini , CEO of D-Orbit, said: “ We are thrilled to have completed our record-breaking Series C round, enhancing our operations and accelerating our global initiatives. This investment reinforces our commitment to innovating space transportation and in-orbit services .”

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(Featured image by dlsdkcgl via Pixabay)

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