Led by Founder and CEO Benoît Deper, Aerospacelab is slated to ramp up production of multiple satellite constellations and develop multi-sensor geospatial analytic solutions.

MONT-SAINT-GUIBERT, Belgium — Belgian satellite manufacturer Aerospacelab has accelerated its next stage of growth with a successful raise of €40 million [US $45.4 million]. The Series B round is co-led by Airbus Ventures and XAnge, a leading European investor in early-stage startups. Additional investors in the round include Octave & Miroslaw Klaba, SRIW, Noshaq, BNP Paribas Private Equity, Sambrinvest, and Belaero. Since its inception in 2018, Aerospacelab has raised a total of €60 million [US $68.17 million].