NewOrbit

Investor: Voyager Ventures

NewOrbit, a Reading-based start-up, has raised £13.8 million to develop the world’s first commercial satellite designed to operate in very low Earth orbit. Summary of transaction details: Value: £13.8 million Sector: DeepTech & AI Advisor: Not disclosed Key Entities: NewOrbit, Voyager Ventures Location: Reading, UK Note: The investment in NewOrbit reflects a growing appetite for British deep tech, with the company’s innovative approach to satellite technology poised to unlock new opportunities for commercial customers.

Investor: Voyager Ventures

NewOrbit, a European satellite manufacturer, has successfully closed an oversubscribed Series A funding round, securing $18.5 million (£13.9 million) to build satellites for commercial operations in Very Low Earth Orbit (VLEO). Summary of transaction details: Value: £13.9 million Sector: DeepTech & Space Advisor: Not mentioned Key Entities: NewOrbit (Target), Voyager Ventures (Lead Investor), Atlantic.vc, Lifeline Ventures, LGF, Illusian, David Kirk, Lawrence Leuschner, Custos (Participating Investors) Location: Europe Note: This funding round will enable NewOrbit to construct its NEO Production Complex and launch its first commercial satellite by 2028, aiming to commercialize VLEO for drone-resolution imagery and direct-to-phone connectivity at a lower cost than conventional constellations.