Atmos Space Cargo, a Lichtenau, Germany-based startup developing and manufacturing technology for space, raised additional €1.3M in funding.
The round saw participation from OTB Ventures, High-Tech Gründerfonds, the Amadeus APEX Technology Fund (which also increased their initial investment in this extension), Seraphim, E2MC, VENTIS, and another.vc.
The company intends to use the funds to expand operations and development efforts.
Led by CEO Sebastian Klaus, Atmos Space Cargo develops and manufactures space capsules capable of safely returning any cargo from space, representing a sustainable solution for many payloads and experiments. The capsules have been designed to offer microgravity on-demand, ranging from three hours to three months in orbit and open up opportunities for a wide array of applications, including biomedical and material sciences research, In-Orbit Demonstration and Verification (IOD/IOV), and manufacturing products in space.
The additional funding is strengthening the company’s current participation in ESA’s Commercial Cargo Initiative tender.
FinSMEs
19/02/2024