ReOrbit, a Helsinki, Finland-based provider of software-enabled satellites, raised $7.4M in Seed funding.
The round was led by Inventure VC, with participation from 10xFounders and existing investor Icebreaker.vc, Expansion, and YesVC.
The company intends to use the funds to accelerate its development strategy focusing on international expansion and products.
Led by Sethu Saveda Suvanam, CEO and Founder, ReOrbit provides autonomous and interconnected satellites that are optimized for delivery of customers space-related data. The company enables real-time dataflow in space and provides Earth Observation and SatCom operators with flight software, satellite platforms, and complete systems. Thanks to its flexible software-first architecture, ReOrbit can adapt its satellites to different missions and support any payloads with flight capabilities whilst keeping cost and time-to-orbit low. Customers range from governmental and institutional sectors to commercial satellite operators. Its technology is supported by Business Finland, the European Space Agency, and the European Commission.
The company has additional offices in Sweden and Argentina.
ReOrbit’s Board of Directors is led by the Chairman of the Board Nishant Batra, Chief Strategy and Technology Officer of Nokia, and includes Tuomas Kosonen, Partner at Inventure VC, Markus Räikkönen, Investor at YES VC, Sethu Saveda Suvanam, CEO and Founder of ReOrbit, and John Auburn, Chief Strategy Officer of the company.
FinSMEs
01/09/2023