Open Cosmos raises $50m in Series B funding from ETF Partners, Trill Impact and A&G to accelerate international growth.
The Series B round was led by ETF Partners, Trill Impact and A&G to support international growth and product expansion.
Open Cosmos designs, builds and operates satellites to simplify access to space. The company empowers organisations worldwide to utilise satellite data for solving critical challenges.
Open Cosmos has secured $50m in a Series B funding round led by ETF Partners, Trill Impact and A&G. The financing also saw participation from Accenture Ventures, Banco Santander InnoEnergy Climate Tech Fund, Claret Capital Partners, Taavet Hinrikus and Kheng Nam Lee. The capital will be deployed to drive international expansion and broaden the company product offering.
Founded in 2015, Open Cosmos provides end-to-end satellite missions, data platforms and analytics solutions. The business has achieved strong organic growth and profitability prior to closing this latest investment.
From the founder
"Since launch, we’ve viewed Open Cosmos as more than a space tech company; we are agents of change, harnessing the power of satellite data to drive meaningful impact on Earth. Our successful Series B funding, with the support of such prominent ESG and impact investors, is a testament to our commitment to sustainability and innovation."
Rafel Jorda Siquier
CEO and Founder at Open Cosmos
Investor perspective
"Through their technological innovation, Open Cosmos has proven that space is a vital resource for the continued healt hand prosperity of our planet. Since ETF Partners is an investment firm focused on sustainability through innovation, Open Cosmos is a perfect match for our values and provides an exciting opportunity for profitable investment into a robust and growing market. We are thrilled to be part of this milestone and look forward to carrying our partnership into the future."
Patrick Sheehan
Managing Partner, ETF Partners
Use of funds
- 01Expand into international markets
Investors
Patrick Sheehan
ETF Partners
Toba Spiegel
Trill Impact
Juan Diego Bernal
A&G
Tom Lounibos
Accenture Ventures
Banco Santander InnoEnergy Climate Tech Fund
Claret Capital Partners
Taavet Hinrikus
Kheng Nam Lee
About the company
Open Cosmos
Open Cosmos designs, builds and operates satellites to simplify access to space and deliver earth observation insights.