EnduroSat closes Series A investment
Summary
EnduroSat, headquartered in Luxembourg and with main R&D operations in Bulgaria, has raised a 10m USD Series A, led by the EU investment firm CEECAT Capital, focused on the high growth markets of CEE Europe. With 6 consecutive years of growth exceeding 200% YtoY, we are significantly growing our customer base in the US and EU and rapidly moving closer to our goal of ensuring affordable access to space data.We are excited to be partnering with Raycho and EnduroSat on their journey to be a global leader in this new chapter of the growth of the space industry. EnduroSat is emerging as a leading player in the fast-growing small satellite market, building on the untapped talent pool of highly skilled and educated scientists and engineers in Bulgaria. What Raycho has achieved to date is truly world-class and we share his vision and excitement about the future of space, its benefits to humanity, and EnduroSats potential to drive this change and emerge as a leader in the industry. We plan to work with Raycho to accelerate the companys global growth and help him achieve the vision he had when he started this journey 10 years ago.I am truly excited to welcome the CEECAT Capital team onboard.