Recent Funding Trends in European Space Startups: ORiS and deltaVision Lead the Way

Overview of Recent Funding Successes

The European space startup scene is witnessing notable funding activity, particularly with two startups making headlines this month: ORiS and deltaVision. Their recent funding rounds not only highlight their innovative technologies but also underscore the growing interest from investors in the European space sector.

ORiS Secures €5 Million

ORiS, a Turin-based startup, has successfully closed a €4.5 million pre-Seed funding round along with a €500,000 grant dedicated to developing wireless power transmission systems for both space and dual-use applications. This funding was led by Earlybird, with participation from various investors, signalling a robust interest in innovative space technologies (source). Additionally, ORiS aims to leverage this funding to advance its laser-powered energy infrastructure for space (source).

deltaVision Raises €10.2 Million

In a parallel development, Munich-based deltaVision has successfully raised €10.2 million in its first funding round. This investment is earmarked for scaling up the production of spacecraft propulsion components, with plans to increase their production capacity to 5,000 units per year (source). The funding was sourced from private industrial family offices and venture capital investors, led by KT Ventures and Valemount Capital (source). This significant capital injection will enable deltaVision to accelerate its development of orbital refuelling technology, which is critical for future spacecraft operations (source).

New Support Initiatives for Space Startups

In addition to these funding successes, the European Space Agency (ESA) has renewed its focus on fostering space entrepreneurship through the inauguration of two new Business Incubation Centres in Portugal. These centres aim to support innovation and growth within the region's space sector (source). This initiative is expected to provide further funding and support opportunities for emerging space startups.

Poland's Investment in EU's IRIS² Project

Moreover, Poland's commitment of approximately $745 million to the EU's IRIS² satellite internet constellation project highlights another significant funding avenue for space startups. This investment not only strengthens Poland's role in advancing Europe's space capabilities but also opens potential collaboration and funding opportunities for startups engaged in satellite and connectivity technologies (source).

Emerging Funding Opportunities

Founders in the space sector should also take note of the current funding calls available. For instance, the EU has announced a call for proposals for high-performance energy systems with a budget of €20 million, due by 29 September 2026 (source). Such initiatives present valuable opportunities for startups looking to secure funding for innovative projects.

What this means for founders

The recent funding successes of ORiS and deltaVision serve as a clear indicator of the growing investment interest in the European space sector. Founders should actively explore similar EU funding opportunities, including ESA's Business Incubation Centres and various funding calls, to enhance their chances of securing the necessary capital to scale their innovations. Engaging with initiatives like the IRIS² project can also lead to collaborative opportunities that may provide additional funding avenues.

For founders seeking to navigate the evolving landscape of EU space funding, VIRA.space tracks live calls and funding opportunities to assist in this journey.

Sources