Open Cosmos Secures €300 Million in Series C Funding

Open Cosmos Secures €300 Million in Series C Funding

Open Cosmos, a company specializing in building satellites and space infrastructure, has successfully raised €300 million in a Series C funding round. The Oxford-based firm, founded by Rafel Jorda Siquier, Aleix Homar, and Jordi Barrera Ars, focuses on converting Earth data into AI-ready insights and providing secure, global connectivity solutions for both governmental and industrial clients.

Diverse Investor Participation

The funding round did not have a lead investor, but it saw participation from a variety of notable investors, including Lightrock, ETF Partners, Institut Català de Finances (ICF), Entrepreneurs First, Convex Group, National Security Strategic Investment Fund (NSSIF), Phoenix Court, and Claret Capital Partners.

Expansion Plans

With the newly secured funds, Open Cosmos plans to significantly expand its satellite manufacturing capabilities. The company aims to scale up its infrastructure to support increased demand for real-time intelligence and connectivity services from space. This expansion will include enhancing its existing satellite mass-manufacturing operations and growing its intelligence and connectivity satellite infrastructure around Earth.

Strengthening European Space Capabilities

Open Cosmos has been a key player in strengthening Europe’s sovereign space capabilities. The company is capable of producing one satellite per day from its four factories across Europe, maintaining a high success rate for satellites launched to date. Over the past three and a half years, Open Cosmos has signed contracts worth over $370 million and has experienced five consecutive years of profitable growth.

Leadership Insights

CEO Rafel Jorda Siquier stated, "This funding enables us to advance our mission of providing secure, space-based systems for global connectivity and real-time intelligence."

Looking Ahead

As Open Cosmos expands its operations, it is well-positioned to meet the growing demand for satellite-based services in both the public and private sectors. The company’s focus on delivering end-to-end space solutions aligns with the increasing investments in secure space infrastructure.