Posted: Sat, Nov 1, 2025, 11:18 AM ET (1518 GMT)
Bulgarian smallsat manufacturer EnduroSat has raised $104 million. The company announced Thursday it raised the new round, bringing its total investment to more than $150 million. The extra funds will help ramp up production at a recently opened 17,500-square-meter facility in Sofia, Bulgaria. EnduroSat said the expansion will support growing demand for small- to mid-sized satellite constellations, ranging from dozens to hundreds of spacecraft. Early-stage investors Riot Ventures, Google Ventures, Lux Capital and Shrug Capital participated in the latest funding round, alongside the European Innovation Council Fund.

Related Links:

•  SpaceNews article
•  European Spaceflight article
•  EnduroSat press release