COMPANY ANNOUNCEMENT: Pre-Seed Round for SFDY!
We have closed a seven-figure pre-seed funding round, led by Lithuanian state VC fund Coinvest Capital — their first investment in a German company.
JUST IN CASE YOU MISSED IT: We have closed a seven-figure pre-seed funding round.
The round was led by the Lithuanian state VC fund Coinvest Capital, which is investing in a German company for the first time.
“We’re proud to support Starflight Dynamics in its bold mission to redefine what’s possible in orbit. The company’s focus on building next-generation industrial infrastructure in space speaks to a vision that’s both technically ambitious and strategically timely, especially in the field of rare materials production, a critical element in multiple advanced industries and major geopolitical tensions around supply. We believe that their commitment to cutting-edge engineering, combined with a focus on sustainable, scalable solutions, positions the company to address some of the most complex challenges of the space environment. This is the kind of forward-thinking venture we look for – where deep tech meets real-world impact, and new frontiers in space are opened for Lithuanian and European industrial and strategic future.”
— Viktorija Trimbel, Managing Director of Coinvest Capital
In addition to Coinvest Capital, various experienced business angels, including the founding members of the Space & Defense Committee of the European Business Angel Network (EBAN), are also involved.
MILESTONE PRE-SEED:
This pre-seed round marks a key inflection point for us: The participation of institutional investors signals strong confidence in advanced manufacturing and dual-use space technologies as a compelling and timely opportunity.
This coincides with several other developments that are now transitioning into contracts. [More on that soon.]
THE FRESH CAPITAL WILL BE USED TO:
— Advance several prototype demonstrators
— Improve the company’s lab infrastructure
— Strengthen and expand the team through critical hires
— Prepare the company’s strategic pathway in a rapidly shifting market environment
More information on upcoming projects and next steps very soon.
See you up there! Your STARFLIGHT DYNAMICS Team