Infinite Orbits Raises €12M to Build the First Solution For Satellite Life Extension
Summary
May 13th, 2024 - Toulouse, France, The French based New Space In-Orbit Services company, Infinite Orbits, concluded its first fundraising round thereby establishing its international position as a major player in the In-Orbit Services sector: a 12M round led by Newfund Capital along with the EIC Fund, IRDI Capital Investissement and Space Founders France (a CNESs venture arm). Endurance is planned to demonstrate the first European Life Extension mission in 2026.Infinite Orbits Endurance will be operated by Infinite Orbits RPO technology (Rendezvous and Proximity Operations), an autonomous vision based navigation technology that allows assets in space to approach and dock to one another. "Infinite Orbits stands out with its exceptional founding team, robust technological foundation, and promising commercial trajectory. On the LP side, Newfund Capital has the largest base of entrepreneurs and family offices in France for an innovation fund. The European Investment Bank acts as investment adviser to the EIC Fund.The EIC Fund aims to fill a critical financing gap and its main purpose is to support companies in the development and commercialisation of disruptive technologies, bridging with and crowding in market players, and further sharing risk by building a large network of capital providers and strategic partners suitable for co-investments and follow-on funding.IRDI Capital Investissement (ICI) is a dynamic and committed player in Regional Private Equity with 40 years of experience in deep tech and industrial startups.