EnduroSat Raises $104M To Scale Satellite Production
- Alejandro Castillo
- 8 hours ago
- 1 min read
EnduroSat raises $104M to scale satellite production and open major new space center in Sofia 🇧🇬
EnduroSat has secured $104M in new funding to accelerate manufacturing of small and ESPA-class satellites, marking one of Europe’s largest recent space financings.
The round included Riot Ventures, GV (Google Ventures), Lux Capital, Shrug Capital, and the European Innovation Council Fund.
The investment coincides with the opening of the company’s new 188,000+ sq ft Space Centre in Sofia, equipped with RF labs, ISO-certified clean rooms, mechanical and hardware labs, and full qualification facilities, enabling rapid progression from design to orbit-ready spacecraft.
Founded in 2015, EnduroSat has evolved from subsystem supplier to full satellite and constellation provider, now targeting production of up to two 200–500 kg satellites per day to meet growing demand for faster, cost-efficient deployment.
The new capital will enhance the company’s vertically integrated manufacturing model, support expansion for large constellation operators, and accelerate global market reach.
CEO Raycho Raychev called the funding a pivotal step in making space data universally accessible and scaling European satellite manufacturing capabilities.
Image Credits: EnduroSat
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