Open Cosmos Raises $346M to Expand Manufacturing and Government Services in Europe

European satellite maker Open Cosmos raised €300 million (about $346 million) in a round led by Lightrock, ETF Partners, ICF and Entrepreneurs First. The funds will scale satellite manufacturing and develop ConnectedCosmos, OpenConstellation and DataCosmos services for government customers in the UK, Spain, Portugal and Greece.

• €300 million round led by Lightrock, ETF Partners, ICF and Entrepreneurs First
• Company builds up to one satellite per day at four plants in Europe
• Earth observation data delivery targeted to drop from 48 hours to 30 minutes
• Over $370 million in contracts since 2022, about 400 employees