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Benzinga
Benzinga
Business
Paula Tudoran

French Startup U-Space Secures $27.8 Million From Definvest And Primo Space To Conquer Global Smallsat Market

SPACE EA SPORTS Europe Blast Safran
space stocks

French satellite-maker, U-Space, announced on Nov. 12 that it secured €24 million ($27.8 million) in Series A funding, marking a significant step in its plan to transform European space manufacturing.

Lead investors include Blast, the French Ministry of Armed Forces’ Definvest fund and Expansion. Additional participants included Primo Capital via its Primo Space investment fund, Karot Capital, ARIS, and Vertech Finance.

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