Leanspace Announces Second Closing of Its €6 Million Funding Round with the Joining of Another Leading Space Investment Company
Leanspace, the company building the space industry’s digital infrastructure, announces the second close of its start-up cycle from earlier this year. European Space VC Herius Capital, based in Budapest, Hungary, has joined the oversubscribed €6 million ($6.4 million) initial funding round. Herius joins existing investors Karista and 42CAP, as well as other leading organizations supporting Leanspace such as Seraphim Space and Bpifrance.
With its one-of-a-kind cloud platform, Leanspace enables space organizations to leverage advanced digital technologies to manage their space missions. In an industry that still relies on software tools developed decades ago and heavily manual processes to move and share data, digitization is the key stepping stone to greater operational efficiency.
Dr. Kornél Szabó Managing Partner of Herius Capital: “We are excited to join LeanSpace in its mission to digitize the space industry via the cloud, as we see modern software tools as essential enabling infrastructure for the space industry. LeanSpace’s excellent team builds such critical software infrastructure with deep technical and space industry experience; their vision fits perfectly with Herius’ vision for the future of the industry”.
All players in the space industry are striving to become more agile, reduce costs and provide better service to their customers. Despite this need, many organizations still keep their data in spreadsheets, have teams working in silos, and waste time analyzing information manually. The solution involves the use of cloud-native integrated software infrastructures and digital technologies, which allow them to significantly improve their operation.
“In the space industry, we tend to see only the hardware part, but software is now everywhere. As Natya Nadella, CEO of Microsoft, said in 2015, “Every company is a software company”, explained Alvaro Alonso Ruiz, co-founder and CCO of Leanspace, “Space organizations use software to design satellites, control testbeds, operate assets, derive analytics, produce and distribute products, manage relationships with customers… When all of your organization’s operations are powered by software, there’s no denying that your business is a software business. The challenge facing space companies is to implement a modern and comprehensive software strategy across their entire organization. »
Leanspace enables space organizations to implement such a comprehensive software strategy and adopt new approaches such as regaining full internal control over their software ecosystem, implementing digital continuity between tools and teams and finding ways to abstract their engineers from the complexity of space software. The result is a drastic increase in agility and reduced costs.
With the Leanspace platform, space companies can digitize or, for new entrants, be born digital.
About Herius CapitalHerius Capital is a Budapest-based space industry-focused venture capital firm whose mission is to strengthen the European NewSpace industry and leverage the growth potential of space technology companies. As an activist investor, Herius supports the next generation of space entrepreneurs through its industry expertise and extensive network in the space sector.
Learn more at heriuscapital.com