Funding round
Kurs Orbital Seed
Kurs Orbital, which works in on-orbit servicing technology development in Turin, raised $4.0M in a Seed round announced on 6 Mar 2024, led by OTB Ventures. 8 firms took part.
$4.0M
Amount raised
Not disclosed
Post-money valuation
8
Investors
1 lead
Valuation
What this round says about the price
Kurs Orbital did not disclose a valuation in this round. It is Kurs Orbital's first venture round on record, 2 years after it was founded in 2022. No later venture round is on record for Kurs Orbital.
Kurs Orbital's funding rounds
This is the only venture round on record for Kurs Orbital.
- Seed this round 6 Mar 2024, led by OTB Ventures $4.0M
Investors
Who put money in
OTB Ventures led the round with 7 other firms.
Lead investor
- OTB Ventures backs 27 venture-backed companies new investor
Also in the round
- backs 37 venture-backed companies new investor
- Galaxia new investor
- In-Q-Tel backs 97 venture-backed companies new investor
- backs 25 venture-backed companies new investor
- backs 6 venture-backed companies new investor
- Piemonte Next new investor
- CDP Venture Capital new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, scaling operations and working capital.
- Hiring
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
56 Seed rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $5.1M, and this round was 78% of the median. The closest in time, other companies' Seed rounds in Aerospace and Defence:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Aerospace and Defence | 13 Mar 2024 | $18M | not disclosed | Seven Seven Six |
| Aerospace and Defence | 21 Mar 2024 | $13M | not disclosed | Lockheed Martin Ventures |
| Aerospace and Defence | 19 Apr 2024 | $12M | not disclosed | not named |
| Aerospace and Defence | 1 Apr 2024 | $7.5M | not disclosed | Yes VC |
| Aerospace and Defence | 17 Apr 2024 | $6.0M | not disclosed | not named |
| ATMOS Space Cargo Aerospace and Defence | 7 Feb 2024 | $1.4M | not disclosed | OTB Ventures |
| Aerospace and Defence | 27 Feb 2024 | $800K | not disclosed | HVB 88 Angels and O2 Angels Network |
| Aerospace and Defence | 10 Apr 2024 | $750K | not disclosed | Finvolve |
Sources
Where this comes from
Reported by 6 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Kurs Orbital raise in its Seed round?
Kurs Orbital raised $4.0M in its Seed round, announced in Mar 2024.
Who led Kurs Orbital's Seed round?
OTB Ventures led it, with Credo Ventures, Galaxia, In-Q-Tel, Inovo and Obloo and 2 more.
What was Kurs Orbital's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Aerospace and Defence?
56 Seed rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $5.1M, and this round was 78% of the median.