{"id":87811,"date":"2022-12-16T15:49:00","date_gmt":"2022-12-16T14:49:00","guid":{"rendered":"https:\/\/cms.munich-startup.net\/?p=87811"},"modified":"2022-12-16T08:22:39","modified_gmt":"2022-12-16T07:22:39","slug":"reflex-aerospace-receives-e7-million-in-seed-round","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/87811\/reflex-aerospace-receives-e7-million-in-seed-round\/","title":{"rendered":"Reflex Aerospace receives 7 million euros in seed round"},"content":{"rendered":"
\n

The funding for Reflex Aerospace comes from Munich-based investor Alpine Space Ventures and High-Tech Gr\u00fcnderfonds. Founded in 2021, Startup<\/a> develops satellite platforms tailored to the individual needs of its customers. With the fresh capital, Reflex Aerospace plans to build initial production capacities in Munich and double its workforce to a total of 50 employees next year. A demonstrator is expected to be in space by 2024, according to the CEO. Walter Ballheimer<\/strong>:<\/p>\n\n\n\n

"With this successful financing round, we are setting a milestone on this path: The commitments of such high-caliber investors demonstrate their confidence in our capabilities. This gives us the momentum to continue our growth trajectory despite the tight global capital environment."<\/p><\/blockquote>\n\n\n\n

\u201cReflex Aerospace is excellently positioned\u201d<\/h2>\n\n\n\n

Christian Ziach<\/strong>, Principal at High-Tech Gr\u00fcnderfonds, says:<\/p>\n\n\n\n

"By 2040, the global space market volume is forecast to nearly triple to one trillion euros. Half of this growth alone is expected to come from satellites for broadband connectivity, a field in which Europe, in particular, has a lot of catching up to do. Reflex Aerospace, with its experienced team and very strong partners, is excellently positioned to leverage this market potential."<\/p><\/blockquote>\n\n\n\n

The startup has already led a feasibility study for the EU Commission and thus proven that it can play a key role in the construction of a European constellation of communications satellites, says the COO Alexander Genzel<\/strong>Together with the Bavarian State Chancellery, we are also working on a concept to quickly replace satellites that fail in times of crisis or war, thus protecting critical infrastructure.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

Berlin and Munich-based aerospace startup Reflex Aerospace secured \u20ac7 million in the first closing of its seed round. The startup is targeting a second closing and an increase in funding to a total of \u20ac12 million by the end of the first quarter of 2023.<\/p>","protected":false},"author":26,"featured_media":87812,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,5635],"tags":[4756,1133,4620,4755],"acf":[],"yoast_head":"\nReflex Aerospace erh\u00e4lt in Seed-Runde 7 Millionen Euro - Munich Startup<\/title>\n<meta name=\"description\" content=\"Das in Berlin und M\u00fcnchen ans\u00e4ssige Raumfahrt-Startup Reflex Aerospace sichert sich im First Closing seiner Seed-Runde 7 Millionen Euro.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cms.munich-startup.net\/en\/87811\/reflex-aerospace-receives-e7-million-in-seed-round\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" 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