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Italy's Leaf Space Raises €20 Million For Expansion Of Satellite Communications Network

Jul 27, 2023•almost 2 years ago

Amount Raised

€20 Million

Lomazzo

Investors

European Investment BankWhysol InvestmentsPrimo SpaceRed Seed VenturesDigital Transition FundSimestNeva SgrCdp Venture Capital Sgr

Description

Italian satellite communications network Leaf Space has raised €20 million in a Series B funding round. The capital will further propel the company’s efforts to establish a market-leading telemetry, tracking, command, and payload data transmission network for satellite operators.

Company Information

Company

Leaf Space

Location

Lomazzo, Lombardy, Italy

About

Leaf Space operates an ever growing distributed ground station newtwork for a world where Space is for everyone, up there to be discovered and explored with small, versatile and cost-effective Smallsats. Our unique concept is focused on creating Ground Segment-as-a-service, in order to assist clients with their satellite operations by managing and procuring the entire ground segment system through a complete set of services, including timeshared access to ground, customize telecommunication solutions, ground station procurement, consultancy and backup services. The outsourcing strategy for communications significantly reduces cost and development time for any Smallsat operator who relies on us, turning ground segment into a predictable recurring cost.

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

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