According to nanosats.eu, today there are 687 operational nano satellites in Low Earth Orbit. Among them is EnduroSat One, as well as many others made by EnduroSat and successfully operated by other companies. 1,387 nano satellites have been launched to date.
FROM CUBESAT VENDOR TO A SOFTWARE-DEFINED SATELLITES PROVIDER AND A SPACE DATA SERVICE PLAYER
Neo Ventures backed EnduroSat in 2016 to support its transformation from a manufacturing to a service company. Today we are pleased to welcome a new partner in this journey. Using the investment and network of Freigeist Capital, EnduroSat is prepared to launch its pilot shared satellite mission with customer payloads by 2021 and move on to commission its full space data service by 2022.
Freigeist is the privately owned investment firm of Frank Thelen, Marc Sieberger and Alex Koch. Much like Neo Ventures, Freigest is a privately-held, open-ended investment company. The firm has 14 seed stage investments focused in energy, commercial transportation and information technology. It was established in 2017 and is based in Bonn, Germany.
Space startups raised $3.5 billion in 2019. While companies like Blue Origin, SpaceX and Virgin Galaxy account for most of the capital invested in the industry, there is a growing number of new entrants. EnduroSat is one of them, differentiating through its modular platform and software-defined satellites. The new investment will be used to transform the company from from a space equipment vendor to a space operator and data provider through CubeSat constellations.
Satellite costs have dropped to a fraction of the original price and so has the risk coefficient. CubeSats have evolved to mega constellations of small satellites supporting Earth observations and/ or communications, promoting more and more investment, further driving down the cost of deriving value from space.
