Insider Brief:
- ALDORIA, formerly known as Share My Space, has announced the successful closure of its Series A funding round securing €10M in equity investments and propelling its total investment to €22M to date.
- Starquest Capital led the funding round, emphasizing its commitment to green financing through Article 9 of the EU Sustainable Finance Disclosure Regulation.
- This is the largest equity funding round for an SSA company in Europe.
Paris, January 23, 2024– ALDORIA, formerly known as Share My Space, a trailblazer in the Space Situational Awareness (SSA) sector, has announced the successful closure of its Series A funding round. The company secured €10M in equity investments, propelling its total investment to €22M to date. The consortium includes influential backers such as Starquest Capital, the European Innovation Council Fund, the French State’s “Deeptech 2030” fund managed by Bpifrance, Expansion Ventures, Space Founders France, and Wind Capital.
The rebranding to ALDORIA, a former name of the Pleiades nebula, accompanies the company’s strategic move to strengthen its brand as it enters a new phase of development. Starquest Capital led the funding round, emphasizing its commitment to green financing through Article 9 of the EU Sustainable Finance Disclosure Regulation, aligning with ALDORIA’s mission to protect critical space assets and resources.
Today’s announcement highlights the company’s pivotal role in safeguarding the space environment, which is essential for critical functions on Earth, including communication, navigation, and climate change monitoring. Starquest Capital’s President, Arnaud Delattre, expresses confidence in ALDORIA’s growth potential, praising the company as an icon of French deeptech contributing to a global future.
ALDORIA’s achievements, including a global presence in over 17 countries and strategic partnerships with space agencies and operators, mark significant milestones. The funding round is especially noteworthy in a challenging investor market, making it the largest equity funding round for an SSA company in Europe.
Romain Lucken, CEO of ALDORIA, has emphasized the company’s commitment to environmental protection in Earth’s orbits and expresses pride in the partnership with Starquest Capital and other investors. The company has experienced exponential growth in active satellites, highlighting ALDORIA’s orbital information system’s capability to generate independent measurements and anticipate close approaches between space objects.
In response to the lack of space traffic rules and growing insecurity, ALDORIA is pioneering in advising operators on real-time threats. The company’s cutting-edge optical system, known for its wide field of view and precision, positions ALDORIA as a global innovator in the SSA sector.
With plans to expand its optical surveillance network and develop a multi-sensor approach, ALDORIA aims to offer a competitive European SSA solution to the global market. The Series A funding will facilitate the company’s expansion, investment in local talent, and contribute to the growth of the European space ecosystem, aligning with upcoming EU space law.
Read the original press release here.
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