Fundz

IENAI Space raises €3.9M for small satellites

PRIVATEJun 17, 2024

Amount Raised

€3.9 Million

Round Type

Seed

MadridAerospaceDefense & Space

Investors

CdtiGED Conexo VenturesDpmWa4 SteamInveready

Description

IENAI Space has raised €3.9 million in its latest funding round, bringing the total funding to €7 million. The funds will be used to accelerate commercialisation of its propulsion system, expand its client base for their software tools, and open new facilities to accommodate its growing team. The company also plans to hire additional staff and advance its science and technology development.

Quick answer

IENAI SPACE raised €3.9 Million in a Seed round, dated June 17, 2024. Investors: Cdti, GED Conexo Ventures, Dpm, Wa4 Steam and Inveready. IENAI SPACE is based in Madrid, Community Of Madrid, Spain.

How much did IENAI SPACE raise?
IENAI SPACE raised €3.9 Million in a Seed round on June 17, 2024.
Who invested in IENAI SPACE?
Cdti, GED Conexo Ventures, Dpm, Wa4 Steam and Inveready are named as investors in this round.
What does IENAI SPACE do?
Over the next 10 years, a staggering 11000 new satellites will be launched; 90% of these are “Nano-Satellites”: they weigh less than 10Kg, cost under 100k$, and are revolutionising, and democratizing, access to space;..
Where is IENAI SPACE based and how big is it?
IENAI SPACE is based in Madrid, Community Of Madrid, Spain. Fundz records about 21 employees.
Who are the decision-makers at IENAI SPACE?
Fundz holds 1 contact at IENAI SPACE. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Aerospace and Defense & Space around the same time

Companies in the same sectors as IENAI SPACE that raised within 45 days of this round, from Fundz verified event records.

  • Precision Aerospace & Defense Group raised $2.5M on July 31, 2024.
  • H55 raised $74M (Series C) on July 29, 2024.
  • Momentus raised an undisclosed amount (Convertible Note) on July 18, 2024.
  • VerdeGo Aero raised $2M on July 12, 2024.
  • Altair raised $3.4M on July 11, 2024.
  • MRO Holdings raised an undisclosed amount on July 9, 2024.

Who to call at IENAI SPACE, and when

A new round usually means IENAI SPACE is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

IENAI SPACE

Location

Madrid, Community Of Madrid, Spain

About

Over the next 10 years, a staggering 11000 new satellites will be launched; 90% of these are “Nano-Satellites”: they weigh less than 10Kg, cost under 100k$, and are revolutionising, and democratizing, access to space; most follow the first open-access standard in the space sector: the CubeSat standard. CubeSats are quickly acquiring new, varied and crucial functionalities: from high-speed communication networks, satellite internet, IoT, and earth observation, to space exploration. However, one last challenge remains a limiting factor: the lack of on-board propulsion.

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IENAI SPACE raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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