Avolta is proud to announce that it has acted as exclusive advisor to U-Space, a leading European satellite constellation manufacturer, on its €24 million Series A funding round.
This strategic operation propels U-Space into a new phase of industrial and international growth, highlighting the dynamism of the French space industry and Avolta’s ability to structure the most ambitious deals.
About U-Space.
Founded in 2018, U-Space designs, assembles, and operates modular satellites. With its proprietary software solutions and its 12U and FreeForm platforms, U-Space fully meets the growing demand in the satellite constellation market. Based in Toulouse, the 80-employee company aims to become the European reference for global satellite constellation manufacturing.
Inaugurated at the end of 2024, the U-Zine – 850 m² of clean rooms in Toulouse – embodies U-Space’s industrial vision. Designed to eventually reach a cadence of one satellite per day, the modular and fully digitized assembly line draws inspiration from best practices in the automotive industry.
With three satellites already in orbit — NESS, Soap, and Pandore — and a dozen more in production, U-Space demonstrates its unique expertise, from satellite design to in-orbit operations. The company is now turning to global markets, particularly the Asia-Pacific region and the Middle East, areas with strong technological dynamism and ambitious space programs.
Transaction Rationale.
Following an initial €7 million fundraising in 2022, the company announces today a new €24 million round with participation from Blast, Definvest, Expansion, CapSpace, ARIS, Primo Space, Audacia co-invest, and Vertech Finance, to support its industrial ramp-up and international expansion.
Thanks to this fundraising, U-Space will invest in software development and the full digitalization of its industrial tools, aiming to produce one satellite per week by the end of 2027.
About Avolta.
By supporting U-Space on its €24 million Series A fundraising, following other prominent transactions advised for Unseenlabs, Space Cargo Unlimited, Greenerwave, Vulkam, TiHive, and Mecaware, Avolta strengthens its position as the leading investment bank for European DeepTech champions and further establishes itself as a key player in the NewSpace sector.
