Dcubed has successfully closed an oversubscribed €4.4M Series A funding round. This strategic injection of capital is poised to transform the landscape of in-space manufacturing.
The financing will allow Dcubed to exponentially increase its production capabilities and pioneer technological advancements in the space industry. Here’s a closer look at their audacious plans and the investment backing them.
Funding in Focus
Dcubed, an emerging player in the space manufacturing sector, has successfully secured €4.4 million in a Series A funding round. This round attracted significant attention, featuring eight notable investors from France, Sweden, Germany, and the United States. The investment was led by Expansion and BayBG with support from HTGF, Aurelia Foundry, Ventis, Rymdkapital, and Decisive Point Europe. The interest in Dcubed is clear, as the round was oversubscribed by a remarkable 26%.
Expanding Production Capabilities
The newly acquired funds are set to quadruple the production capacity of Dcubed’s satellite actuators, positioning the company to meet growing demands as the number of satellite launches is projected to reach 100,000 in the coming years. This ambitious expansion plan is indicative of the broader industry push towards enhancing in-space manufacturing capabilities, notably for high-power satellites, space solar power systems, and lunar infrastructure development.
Leadership Perspectives
CEO Thomas Sinn expressed significant optimism, stating, “Despite a tight global finance environment, investors notably oversubscribed our Series A round.” He emphasised the importance of these funds in amplifying production efforts and pursuing pivotal in-space manufacturing initiatives. The strategic expansion into the United States, highlighted by the opening of a new office in Colorado, aims to further solidify Dcubed’s presence in the global space ecosystem.
Investor Sentiments
Ted Elvhage of Expansion Aerospace Ventures underscored the industry’s rapid evolution, with expectations for the space market to expand from $500 billion to $2 trillion over a decade. This forecast positions Dcubed advantageously, aligning their German engineering prowess with global marketing strategies. Similarly, Alois Ganter from BayBG Venture Capital and Ariel Ekblaw from Aurelia Foundry recognised Dcubed’s pivotal role in marrying NewSpace innovation with essential earthly applications.
Innovative Manufacturing Techniques
With support of €9.5 million from the European Innovation Council, Dcubed plans to unveil the first 3D-printed satellite solar array in free space by 2025. This initiative represents a leap forward in in-space manufacturing, optimising design and performance in space while economising resources on Earth. The implications of in-space 3D printing are transformative, offering solutions to longstanding challenges in payload delivery and spacecraft design.
U.S. Presence and Growth
The establishment of a U.S. base in Westminster, Colorado, marks a strategic move for Dcubed as it positions itself within a key NewSpace hub. Led by Andria Fortier, the new office will focus on cultivating partnerships and client relationships within the United States. The choice of location reflects Dcubed’s commitment to leveraging the U.S. market’s vast potential and accelerating its growth trajectory.
About Dcubed
Headquartered in Munich, Dcubed is at the forefront of in-space manufacturing, offering cost-effective solutions with their patented shape-memory technology and unique origami structures. Their products, designed for durability and reusability, are gaining traction worldwide, supporting over twenty countries in their space endeavours. Dcubed’s innovative approach continues to revolutionise the satellite manufacturing and deployment sectors.
The significant funding boost is a testament to the confidence investors have in Dcubed’s vision and capabilities.
Dcubed is not just participating in the NewSpace race; it is clearly aiming to lead it. With strong backing and innovative strategies, the future of space manufacturing looks promising for this Munich-based company.
