Bayern Kapital participates in financing round for space start-up Isar Aerospace

German company Isar Aerospace has raised €155 million in the world's largest SpaceTech financing round, from international investors including Porsche SE, Lombard Odier, HV Capital and others.

Isar Aerospace develops and produces launch vehicles for small and medium-sized satellites and is valued at a total of more than 310 million euros after the financing round. The money will be used to develop and expand production of launch vehicles and engines. Isar Aerospace already has a solid customer base consisting of commercial companies, new-space firms and government institutions. The company is working towards the first flight of its "Spectrum" launch vehicle, which is scheduled for the second half of 2023 from Andøya in Norway. In addition, the "Aquila" engine, developed and manufactured entirely within the company, is currently undergoing engine tests. The rocket will carry satellites into space to support applications such as environmental monitoring and protection, Earth observation, telecommunications, agriculture, disaster management, transportation, scientific research and security.

Access to space is key to innovation, technological development and security - today and even more so in the future.

Daniel Metzler, Co-Founder and CEO of Isar Aerospace

In addition to current projects, the additional funds will be used to intensify development and to expand automated and thus cost-efficient production capacities. The additional financing round underlines the investors' confidence in Isar Aerospace's vision and technological capabilities. Isar Aerospace already has a strong customer base and has signed firm contracts with customers around the world, including large commercial companies, new-space firms and government institutions.

Start-ups like Isar Aerospace are taking Bavaria's space technology capabilities to a new level.

Hubert Aiwanger:, Bavarian Minister of Economic Affairs

Bayern Kapital is a venture/growth capital company of the Free State of Bavaria, which supports high-tech companies in the Free State. The company invests equity capital of 0.25 to 25 million euros in companies from seed to later stage, and fills gaps in the VC sector often in proven consortium constellations with private investors. Bayern Kapital manages specialized investment funds with a volume of around 700 million euros and has so far invested around 400 million euros in around 300 start-ups and scale-ups from various sectors. These include life sciences, software & IT, materials & new materials, nanotechnology and environmental technology. Bayern Kapital has been able to create over 8,000 jobs in companies and currently has over 80 companies in its active portfolio. This includes companies such as EOS, Proglove, Fazua, SimScale, Scompler, egym, Parcellab, Cobrainer, Quantum Systems, Casavi, Riskmethods, Tubulis, Catalym, Immunic, Sirion and tado.