ELSE Raises $3 Million Seed Round for Internet of Things Constellation

Lausanne, Switzerland (August 10th, 2017) – ELSE SA, the Swiss new space start-up, today announced the funding of a $3 million seed round. The successful capital raise was enabled by a group of investors including Airbus Ventures, a Geneva-based Independent Assets Manager and Multi Family Office, as well as numerous additional Swiss- and internationally-based private investors. The seed round follows $3 million previously raised by the company in public support.

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UK Space Agency Allocates 1.4 Billion Euros to ESA Budget

UK_space_agencySWINDON, England (UKSA PR) — UK Space Agency allocates more than €1.4 billion over the next five years to European Space Agency programmes at the Council of Ministers in Lucerne, Switzerland.

  • €670.5 million investment in satellite technology for UK industry and science, including telecommunications, Earth observation, navigation and satellite services supporting every sector of the economy, including
  • €23 million to build on UK leadership of ESA’s climate change monitoring programme, based at the ECSAT facility in Harwell, Oxford.
    €82.4 million for the next phase of the ExoMars programme, to put a British-built rover on the surface of Mars.
  • €71 million for ESA’s International Space Station programme to 2021 and for the future of deep space exploration, building on the legacy of Tim Peake’s Principia mission

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Germany Provides Approximately 2 Billion Euros to ESA Space Projects

Dlr_logo1LUCERNE, Switzerland (DLR PR) — The highest decision-making body of the European Space Agency (ESA) met this year on 1 and 2 December at the Culture and Convention Centre (KKL) in Lucerne, Switzerland, to set the financial and programme-based course for European space travel for the coming years. Ministers in charge of space in Europe last came together exactly two years ago on 2 December 2014 in Luxembourg.

The German Federal Government was represented by Brigitte Zypries, Parliamentary State Secretary at the Federal Ministry for Economic Affairs and Energy (BMWi). Brigitte Zypries, who is also aerospace coordinator, was supported by Pascale Ehrenfreund, Chair of the German Aerospace Center (Deutsches Zentrum für Luft- und Raumfahrt; DLR) Executive Board and Gerd Gruppe, Member of the DLR Executive Board responsible for the Space Administration, which, in close collaboration with the BMWi, prepared the German position for the ESA Council meeting at ministerial level.
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ESA Signs Agreement With Venture Capital Fund

ESA logoPARIS (ESA PR) — ESA will give the most promising European space applications, services and technologies the chance to access a substantial new source of venture capital finance.

ESA has signed an agreement with the £83 million (€116 million) Seraphim Space & Special Situations Fund to work alongside ESA’s Advanced Research in Telecommunications Systems (ARTES) Applications programme. The Fund will also back other space-related investment opportunities beyond ESA.

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