Dcubed secures oversubscribed Series A financing round

Munich, Germany, West­mins­ter, Colo­rado — Dcubed, a German NewSpace provi­der, has successfully closed a Series A finan­cing round that was over­sub­scri­bed by 26%.
Eight well-known inves­tors from France, Sweden, Germany and the US parti­ci­pa­ted in the round, inclu­ding Expan­sion and BayBG as lead inves­tors as well as HTGF, Aure­lia Foundry, Ventis, Rymd­ka­pi­tal and Decisive Point Europe.
The funds will be stra­te­gi­cally deployed to quadru­ple the produc­tion of satel­lite actua­tors by the end of 2024 to meet the expec­ted demand of over 100,000 satel­lite laun­ches in the coming years.
In addi­tion, Dcubed aims to extend its leader­ship in space manu­fac­tu­ring tech­no­lo­gies criti­cal to the deve­lo­p­ment of high-power satel­li­tes, space solar power, lunar bases and the acce­le­ra­tion of space exploration.
To support these plans, Dcubed is also expan­ding its presence in the U.S., NewSpace’s largest market, by opening an office in West­mins­ter, Colo­rado.
The new office will be headed by Andria Fortier as Mana­ging Direc­tor, who will over­see opera­ti­ons in the US and foster stra­te­gic rela­ti­onships with Ameri­can custo­mers and partners.
Dcubed also plans to demons­trate a world first in 2025 by 3D prin­ting a high-perfor­­mance solar panel in free space.
The initia­tive is supported by the Euro­pean Inno­va­tion Coun­cil of the Euro­pean Commis­sion with 9.5 million euros.
“Despite a tense global finan­cial envi­ron­ment, inves­tors signi­fi­cantly over­sub­scri­bed our Series A round.
This finan­cing round demons­tra­tes the market’s high confi­dence in our capabilities.
Toge­ther with our global inves­tors, we now have a solid foun­da­tion to drive future growth in the booming space market.
With the new finan­cing, we will quadru­ple the produc­tion of our current product.
At the same time, we are stri­ving for the ’next big thing’ in space by taking a pionee­ring role in the field of manu­fac­tu­ring in space.
With the opening of our US office, we are tapping into the most dyna­mic space ecosys­tem in the world to further expand our global foot­print and deve­lop space inno­va­tions for years to come,” explains Thomas Sinn, CEO of Dcubed.
“Deep tech and NewSpace start-ups need to show that they can make money while pursuing a big vision.
Dcubed has done this impres­si­vely in recent years.
As lead inves­tor in the seed round, I am very plea­sed about the closing of the Series A and see my invest­ment thesis confirmed,” says Chris­tian Ziach, Prin­ci­pal at HTGF. “Space is one of the fastest growing markets.
The market volume is expec­ted to quadru­ple from around 500 billion dollars to 2 tril­lion dollars in just ten years,” comm­ents Ted Elvhage, Gene­ral Part­ner at Expan­sion Aero­space Ventures.
Dcubed also plans to demons­trate a world first in 2025 by 3D prin­ting a high-perfor­­mance solar module in free space. The initia­tive is supported by the Euro­pean Inno­va­tion Coun­cil of the Euro­pean Commis­sion with 9.5 million euros. About Dcubed Dcubed, a NewSpace company based in Munich, Germany, makes space missi­ons acces­si­ble by deve­lo­ping dura­ble and afforda­ble release actua­tors, solar arrays and deploya­ble components.
Utili­zing paten­ted shape memory tech­no­logy and proprie­tary origami struc­tures, Dcubed’s products are supe­rior in cost, mass and volume while offe­ring increased relia­bi­lity, dura­bi­lity and reusability.
Serving a global custo­mer base in over 20 count­ries on 4 conti­nents, Dcubed offers imme­diate product avai­la­bi­lity through its Euro­pean supply chain and is ready to help you realize more cost-effec­­tive and frequent space missions.
By deve­lo­ping tech­no­lo­gies to manu­fac­ture large struc­tures directly in space, Dcubed is at the fore­front of space manu­fac­tu­ring and is truly doing great things in space. About High-Tech Grün­der­fonds The seed inves­tor High-Tech Grün­der­fonds (HTGF) finan­ces tech­no­logy start-ups with growth poten­tial and has supported more than 750 start-ups since 2005. With the launch of the fourth fund, HTGF has around 1.4 billion euros under manage­ment. The team of expe­ri­en­ced invest­ment mana­gers and start-up experts supports the young compa­nies with know-how, entre­pre­neu­rial spirit and passion. The focus is on high-tech start-ups in the fields of digi­tal tech, indus­trial tech, life scien­ces, chemis­try and rela­ted busi­ness areas. To date, exter­nal inves­tors have inves­ted around EUR 6 billion in the HTGF port­fo­lio in more than 2,000 follow-up finan­cing rounds. In addi­tion, the fund has alre­ady successfully sold shares in more than 180 compa­nies. Fund inves­tors in the public-private part­ner­ship include the German Fede­ral Minis­try for Econo­mic Affairs and Climate Protec­tion, KfW Capi­tal, and 45 compa­nies from a wide range of indus­tries. www.htgf.de