Vyoma Nandi

Vyoma tops up Seed round with Safran Corporate Ventures

Retrieved on: 
Tuesday, June 20, 2023
Summer, European Union Space Programme, Happiness, Partnership, Safran, Space traffic management, Corporate venture capital, STM, New Space, Growth, Telescope, Seed, SSA, Safety, Automation, Communications satellite, Cryptocurrency, Vyoma Nandi

Safran Corporate Ventures participates in an 8.5 M€ Seed extension round.

Key Points: 
  • Safran Corporate Ventures participates in an 8.5 M€ Seed extension round.
  • MUNICH, June 20, 2023 /PRNewswire/ -- Vyoma, a Germany-based Space Situational Awareness (SSA) and Space Traffic Management (STM) company, announces the closure of its Seed round with Safran Corporate Ventures as co-investor.
  • Florent Illat, Head of Safran Corporate Ventures, states: "For Safran Corporate Ventures, this investment in a Germany-based New Space startup reflects our strategy of supporting companies developing disruptive technologies that are strategic for Safran and in line with French-German collaboration to strengthen the European Union's sovereignty."
  • This latest investment completes an extended Seed financing round during the Summer of 2022, led by Happiness Capital and Atlantic Labs, and complemented by Lisbon-based Faber Ventures.