TLDR:
- German spacetech company Dcubed has closed an oversubscribed Series A funding round.
- The company specializes in developing durable and affordable release actuators, solar arrays, and deployables for space missions.
German spacetech company Dcubed has successfully closed an oversubscribed Series A funding round. The Munich-based company focuses on making space missions more accessible by developing durable and affordable release actuators, solar arrays, and deployables. Dcubed utilizes patented shape-memory technology and proprietary origami structures to create products that are cost-effective, lightweight, and reliable. The funding round was led by Expansion and BayBG, with participation from several other investors including High-Tech-Gründerfonds and Rymdkapital.
The CEO of Dcubed, Thomas Sinn, expressed gratitude for the market’s trust in their capabilities, as demonstrated by the oversubscribed funding round. The company plans to use the fresh funding to increase production of their current products and explore new opportunities in in-space manufacturing. With a strong focus on growth in the booming space market, Dcubed aims to solidify its position as a key player in the industry.
BayBG Venture Capital also highlighted the importance of space technologies in driving advancements across various sectors on Earth. They emphasized Dcubed’s strong position in the NewSpace sector and their innovative approach to in-space manufacturing. The company’s plans for expansion include opening a US office to further establish their presence in the world’s largest space market.
Overall, Dcubed’s successful Series A funding round is a testament to their potential for growth and innovation in the space technology industry. The company’s focus on affordability, durability, and reliability in their products positions them well for future success in the space market.
