NewOrbit

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.