The German NewSpace company Dcubed has successfully closed its Series A financing round. The round was oversubscribed by 26%, underlining the market’s confidence in the company. Eight well-known investors from France, Sweden, Germany and the US participated, including Expansion and BayBG as lead investors.
With the funds raised, Dcubed plans to quadruple its production of satellite actuators by the end of 2024. The company also plans to advance technologies for in-space manufacturing – a key area for the development of powerful satellites, space solar power plants and lunar bases.
An important step in Dcubed’s expansion strategy is the opening of an office in Westminster, Colorado. As Managing Director, Andria Fortier will lead the US operations and build strategic relationships with American customers and partners.
Thomas Sinn, CEO of Dcubed, emphasizes the importance of the successful financing round: “Despite the tense global financial environment, investors significantly oversubscribed our Series A round. This demonstrates the high level of market confidence in our capabilities.”
One of Dcubed’s particularly innovative projects is the planned 3D printing of a high-performance satellite solar panel in free space in 2025. This project is being supported with 9.5 million euros from the European Innovation Council of the European Commission.
The oversubscription of the funding round and Dcubed’s expansion plans reflect the growing interest in NewSpace technologies. Manufacturing in space could fundamentally change the space industry by enabling the production of large structures directly in orbit. This could reduce the cost of space missions and open up new opportunities for space exploration.
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