Isar Aerospace from Gilching near Munich has closed a $17 million Series A investment round. The space company plans to use the funds to further develop its launch vehicles.
Earlybird and Airbus Ventures led the financing. Other investors participating in the round included existing investors Vito Ventures and UVC Partners, Angermayer's Apeiron Investment Group, and Bulent Altan, who spent 12 years at SpaceX.
Isar Aerospace: “Space is becoming the new Internet”
Isar Aerospace was founded in 2018 by three Technical University of Munich graduates, Daniel Metzler, Josef Fleischmann, and Markus Brandl. The company aims to provide high-performance yet cost-effective access to space. Its target group is small and medium-sized satellite manufacturers.
“Space is becoming the new Internet and its commercialization is in full swing,”
says Daniel Metzler, CEO of Isar Aerospace.
“This round of financing enables us to make significant progress in developing sustainable, environmentally friendly launch vehicles and further realize our vision of making access to space affordable for all.”
Hendrik Brandis, Partner at Earlybird, says:
"There is a new optimism in the aerospace industry. We see the New Space segment as a future-oriented business centered around rockets and satellites. Isar Aerospace particularly impressed us with its professional, motivated, and highly talented team. This is our first investment in this area, and we are proud to support Isar Aerospace as the lead investor in the Series A round and look forward to accompanying them on their journey as investors and supporters."
