Dcubed Gets $4.8 Million Boost
A German startup, Dcubed, has secured 4.4 million euros in Series A funding.
With this money, announced on Aug. 5, the company plans to ramp up production, show off in-space manufacturing, and set up an office in the U.S., according to CEO Thomas Sinn at the Small Satellite Conference.
Andria Fortier mentioned that their new Colorado office will help with sales and distribution for their American clients, who make up more than half of their customer base.
They are planning to buy SpaceX rideshare launches to demonstrate in-space manufacturing. “We want to launch at least twice next year with an in-space demonstrator and at least once in 2026,” Sinn said.
For the first mission, Dcubed is teaming up with Exotrail. They’ll send a thin, flexible solar blanket made by Solestial into orbit, unfurl it, and create support structures for a 100-watt solar array.
Expansion Aerospace Ventures and BayBG Venture Capital led the funding round, joined by HTGF, Aurelia Foundry, Ventis, Rymdkapital, and Decisive Point Europe.
“Together with our global investors, we now have a solid foundation to boost future growth in the booming space market,” Sinn said.
The funds will also let Dcubed increase the production of actuators for space uses by four times.
I think it’s cool how space tech can impact our daily lives.
Support from Investors
Ted Elvhage, manager at Expansion Ventures, said his fund supports Dcubed because it merges a proven space product with a strong position in future in-space manufacturing.
This is BayBG’s first NewSpace equity investment. Investment manager Alois Ganter said their choice shows the important role space tech plays in many sectors on Earth, like connectivity and security.
Aurelia Foundry’s general partner Ariel Ekblaw said they back Dcubed because “NewSpace is among the key enablers for solving critical challenges on Earth.” They believe the U.S. market offers immense opportunities for Dcubed to grow, given its already strong business in America.
