ReOrbit, a European space technology company, announced the closing of its €45 million Series A funding round, the largest all-equity Series A round in Finland and one of the most significant deals overall in the European space and defence sector. The round was led by Springvest, with participation from both new and existing investors, including Varma, Elo, and Icebreaker.VC, Expansion VC, 10x Founders, and Inventure VC.
ReOrbit manufactures sovereign satellites and connected systems that provide nations with independent communications, intelligence capabilities, and full command of critical assets. Its systems serve both defence and civilian applications, enabling national resilience, autonomy, and control.
“Closing a €45 million Series A is a milestone not only for ReOrbit, but for Europe’s space and defence sector,” said Sethu Saveda Suvanam, CEO and Founder of ReOrbit.
“This investment enables us to meet growing demand, ensuring that nations can operate critical space systems independently and with full control. In today’s geopolitical environment, reliance on external parties is a risk no country can accept. ReOrbit ensures they never have to,” Suvanam continues.
ReOrbit has closed numerous contracts and is experiencing increasing demand from Asia, the Middle East, and Europe. This new funding will expand its manufacturing capacity, advance proprietary technologies, and grow its operations. ReOrbit is opening local satellite centres in several countries during the next 12 months. Beyond manufacturing, ReOrbit provides knowledge transfer and expertise that allow nations to operate, maintain, and expand their infrastructure independently over the long term. Its current product portfolio includes Silta, a secure satellite communications platform, and Ukko, an advanced intelligence and surveillance system.
“ReOrbit is building capabilities that are central to any country’s strategic autonomy. This investment demonstrates our confidence in their ability to deliver sovereign space systems that are essential for national security and resilience,” said Riku Seppälä, Icebreaker VC. “We are honoured to be able to continue supporting ReOrbit in continuing to build a company that could become one of the most important companies ever built in Europe.”
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