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Polaris SpacePlanes raised €7.1 million in private funding led by Klaus Dienes to develop the supersonic prototype Nova and execute on large customer contracts.

PRIVATESep 20, 2024

Amount Raised

€7.1 Million

Round Type

Funding Round

BremenManufacturingAerospace

Investors

Kupke Gmb HE2 Mc VenturesMittelständische Beteiligungsgesellschaft BremenPolaris Space VenturesKlaus Dienes

Description

Polaris SpacePlanes has received its largest investment to date, totaling €7.1 million from businessman Klaus Dienes. The funding will be utilized for the development of the supersonic prototype Nova and to fulfill large customer contracts.

Who else raised in Aerospace and Manufacturing around the same time

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

  • Beta Technologies raised $318M (Series C) on October 31, 2024.
  • Lumen Orbit raised $10M (Seed) on October 24, 2024.
  • The Exploration Company raised $163M (Funding Round) on October 15, 2024.
  • Vatn Systems raised $16M on October 9, 2024.
  • Joby Aviation raised $500M (Funding Round) on October 4, 2024.
  • Joby Aviation raised $500M on October 1, 2024.

Who to call at Polaris SpacePlanes, and when

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Company Information

Company

Polaris SpacePlanes

Location

Bremen, Bremen, Germany

About

Polaris SpacePlanes is a German aerospace startup focused on developing a novel reusable space launch and hypersonic transport system. The company aims to innovate in spaceflight and defense markets, utilizing composites-intensive products and technologies. Polaris seeks to capture commercialization potential in these sectors through its ongoing development efforts. With significant investments, Polaris is advancing toward producing a supersonic prototype and fulfilling large customer contracts.

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ML-powered predictions for Polaris SpacePlanes's next move

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

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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