Italian Spacetech Startup Secures €1.6 Million Funding

29 January 2024
GeoSpatial World

AI Generated Summary

Space Product and Innovation S.r.l (SPiN), a leading provider of modular space manufacturing solutions, has successfully closed a €1.63 million seed funding round led by Galaxia, the Italian Technology Transfer Hub on Aerospace powered by CDP Venture Capital, and Obloo Ventures, with participation from Scientifica Venture Capital and Innova Venture.

The investment is aimed at advancing SPiN’s mission to revolutionize space manufacturing and democratize access to space.

The company, founded in 2015 in Frascati, Italy, aims to empower satellite manufacturers to focus their resources on efficient new ventures.