The Aerospacelab team. Photo: Aerospacelab

Belgian satellite manufacturer Aerospacelab closed a 40 million euro ($45 million) Series B funding round, co-led by Airbus Ventures and XAnge. This brings Aerospacelab’s total funding to 60 million euro ($68 million). 

The round also included participation from Octave & Miroslaw Klaba, SRIW, Noshaq, BNP Paribas Private Equity, Sambrinvest, and Belaero. Aerospacelab announced the funding round on Feb. 16. 

Aerospacelab was founded in 2018 and recently launched its first satellite, Arthur, on the SpaceX Transporter-2 mission in June 2021. The company is vertically integrated and manufactures its own satellites. It plans to build two constellations of smallsats, the first to collect and multispectral imagery and the second to collect very high resolution imagery. 

The company said this funding will increase satellite production capacity, and help it to deploy its constellations to establish an intra-daily monitoring of the Earth’s surface, and implement geospatial data fusion analytics capabilities.

“With its clear and significant potential to positively impact both European and global markets, Aerospacelab sparked our immediate interest and attention,” commented Airbus Ventures Partner Mat Costes. “They won our support by demonstrating how they can substantially improve decision-making processes across a robust sequence of varied sectors and are uniquely positioned to provide geospatial intelligence to private companies and governments alike.”