Kreios Space closes an €8M seed round to fund its demonstration mission of air breathing electric propulsion technology, led by NATO Innovation Fund and JOIN Capital.

Sep 19, 2025•9 days ago

Amount Raised

€8 Million

Round Type

seed

PontevedraAerospace

Investors

Tasivia GlobalXesgaliciaGrow Venture PartnersJoin CapitalNato Innovation Fund

Description

Spanish startup Kreios Space announced an €8M seed round this week for a demonstration mission in VLEO by 2027. The funding round was led by the NATO Innovation Fund and JOIN Capital, with support from Grow Venture Partners, Xesgalicia, and Tasivia Global. This round brings Kreios' total funding to over €10M, assisting them in the development of their air breathing electric propulsion technology. The company's innovative system is set to enable long-duration satellite missions at lower altitudes.

Company Information

Company

Kreios Space

Location

Pontevedra, Galicia, Spain

About

Kreios is a Spanish startup founded in 2021 by a team of six aerospace engineers. The company is developing air breathing electric propulsion (ABEP) technology to enable satellites to operate in very low earth orbit (VLEO). Their ABEP system allows satellites to fly at significantly lower altitudes, enhancing performance for various commercial and defense missions. Kreios aims to lead in VLEO operations, leveraging funding and partnerships to pursue government and commercial contracts across Europe.

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