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EnduroSat secures EUR 10 mln EIB funding

Monday 30 August 2021 | 08:43 CET | News
The European Investment Bank (EIB) said it has agreed to provide venture debt financing of up to EUR 10 million to Bulgarian aerospace manufacturer EnduroSat. The satellite startup, which is developing software-defined NanoSats offering simple in-orbit operations and data handling, said the funding will serve to streamline its mission to create nano satellites and space services as well as extending its Shared Satellite Service to let customers lease the company's satellites for the deployment of sensors and instruments.

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Categories: Broadcast & Satellite
Companies: European Investment Bank
Countries: Europe
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