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Isar Aerospace received $20M in growth debt funding from ATEL Ventures to finance the purchase of production equipment for its launch vehicles.

Jun 04, 2024over 1 year ago

Amount Raised

$20 Million

MunichSatellite CommunicationAerospaceTransportation

Investors

Atel Ventures

Description

Isar Aerospace, a launch service provider for small and medium-sized satellites, received $20M in growth debt funding from ATEL Ventures. The funds will be used to finance the purchase of equipment for the production of Isar Aerospace's launch vehicles.

Company Information

Company

Isar Aerospace

Location

Munich, Bavaria, Germany

About

Isar Aerospace develops next generation rockets for sustainable access to space for small and medium satellites and satellite constellations.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech