- ReOrbit, a Helsinki-based provider of software-enabled satellites, has completed an oversubscribed Seed funding round of $7.4M, led by Inventure VC.
- The funding aims to accelerate the company’s development strategy, focusing on international expansion and products that enhance real-time data flow in space.
HELSINKI, Sept. 4, 2023 — In a significant boost to the burgeoning space economy, Helsinki-based ReOrbit has successfully closed an oversubscribed Seed funding round of $7.4M. The round was led by Inventure VC and saw participation from 10x Founders, existing investor Icebreaker.vc, Expansion, and Yes VC.
A Milestone in Space Dataflow
“This is a very important milestone for ReOrbit,” says Sethu Saveda Suvanam, CEO and Founder of ReOrbit. “We can now accelerate our development strategy focusing on international expansion and products that make a difference. We have a very strong pipeline, and this funding will enable us to deliver multiple space systems.”
ReOrbit specializes in enabling real-time dataflow in space and provides Earth Observation and SatCom operators with flight software, satellite platforms, and complete systems. The company’s software-first architecture allows for adaptability to different missions and supports any payloads with powerful flight capabilities, all while keeping costs and time-to-orbit low.
A Diverse and Growing Customer Base
Since its inception, ReOrbit has been profitable and has gained strong traction with a diverse customer base that includes governmental and institutional sectors as well as commercial satellite operators.
“ReOrbit represents the next frontier of the new space economy. We are happy to support the rapid growth of the company and its continuous impressive work on advancing breakthrough technologies in space,” says Tuomas Kosonen, Partner at Inventure VC.
The Team Behind the Vision
ReOrbit’s Board of Directors includes esteemed members such as Nishant Batra, Chief Strategy and Technology Officer of Nokia, 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 ReOrbit.
