ReOrbit, a Finnish startup centered on serving to nations management their very own sovereign satellites, has raised a report €45 million (about US $53 million) Collection A spherical of funding for a European house tech firm. The funding spherical indicators that Europe’s new house market is heating up, fueled by a geopolitical surroundings wherein international locations more and more fear about counting on overseas expertise for vital infrastructure.
Based in 2019 and primarily based in Helsinki, ReOrbit supplies each the {hardware} and software program wanted for unbiased satellite tv for pc operations. In keeping with its CEO, Sethu Saveda Suvanam, the corporate provides an answer to nations that may’t construct their very own satellites however need an reasonably priced various to Elon Musk-owned Starlink.
In contrast to Starlink, which additionally targets non-public customers and enterprises, ReOrbit needs its shoppers to have full possession and sovereignty over their satellites and communications. This implies sourcing {hardware} from trusted sources and controlling it with ReOrbit’s software program layer.
This software program core, which Saveda Suvanam likens to Apple’s iOS, can function each ReOrbit’s geostationary orbit satellite tv for pc SiltaSat, which stays fastened above one level on Earth, and its low earth orbit satellite tv for pc that circles nearer to Earth, UkkoSat.
Such flexibility is especially vital for international locations that acknowledge the accelerating position of house expertise underpinning their protection, safety, and significant infrastructure.
That method has helped the corporate signal “a full contract price some lots of of thousands and thousands” with one nation and “a number of MOUs” with others, Saveda Suvanam mentioned.
Saveda Suvanam insists that such contracts imply the startup didn’t want exterior funding, nevertheless it took the spherical anyway to speed up progress. He needs ReOrbit to grow to be a gross sales unicorn within the subsequent 4 years. “We’re focusing on €1 billion so as books,” Saveda Suvanam mentioned.
Techcrunch occasion
San Francisco
|
October 27-29, 2025
ReOrbit was really aiming to boost €50 million in its Collection A spherical organized by Springvest, a Finnish agency that organizes crowdsourced public choices to certified traders for personal corporations. Whereas the startup didn’t attain the complete goal, the spherical was record-sized for Finland, which contributed to the spherical in a number of methods.
“The general public share difficulty of €8 million, organized for Finnish non-public traders and household workplaces, was opened on June 16 and crammed in simply 4.5 hours — sooner than any share difficulty ever organized by Springvest,” Saveda Suvanam wrote to TechCrunch. That converts to about $9.4 million.
The remaining €37 million ($43.5 million) additionally had a powerful Nordic taste, coming from institutional traders together with earlier backers Varma, Elo, Icebreaker.vc, Enlargement VC, 10x Founders, and Inventure.
With opponents together with Astranis and others, ReOrbit is formed by the placement it selected. Saveda Suvanam was born in India, however had spent 15 years in Sweden’s house trade earlier than deciding to relocate his newly created firm to Finland and transfer there together with his spouse, Mina Rajabi, who can be ReOrbit’s chief of workers.
One key issue was a regulatory surroundings that had already confirmed favorable to Finland’s ICEYE, which has been one of the well-capitalized house startups exterior of SpaceX. However the present tense geopolitics additionally play a job. Current cuts to undersea cables within the Crimson Sea served as a reminder to different nations of the significance of satellite tv for pc communications and imaging.
“Finland will not be a rustic that desires to be a superpower, and this is essential, as a result of as we speak, a variety of nations are caught between China and the U.S. After we speak to the best authorities of those nations, they all the time say, ‘We’re taking a look at Europe and the Nordics very keenly, as a result of this can be a time the place we need to discover impartial companions.’ For this reason it’s so thrilling to [come from the Nordics] if you happen to’re on this house — no pun supposed.”
ReOrbit’s subsequent milestone will even come from Europe: the corporate is constructing a satellite tv for pc for an in-orbit demonstration with the European Area Company that it plans to launch within the second quarter of subsequent yr, Saveda Suvanam mentioned.
