ATMOS Space Cargo, a European company developing orbital transport and re-entry vehicles, has raised €25.7 million in a Series A round co-led by Balnord and Expansion.
Keen Defence and Security joined the round, alongside the European Innovation Council through its Accelerator programme and additional investors including OTB Ventures, High-Tech Gründerfonds, APEX Ventures, Seraphim, Faber, E2MC, Kirch Ventures, Lennertz & Co., Mätch VC, MBG Baden-Württemberg, and Tech Horizons.
The Santa Maria, Portugal-based company said the funding will be used to build an initial three-vehicle PHOENIX 2 fleet, launch ATMOS WORKS for governmental and defence customers, and advance development of PHOENIX 3, its next-generation orbital return vehicle.
The raise comes as European space companies push to build more sovereign launch, transport, and return capabilities, an area drawing growing interest from both institutional and defence stakeholders.
Keen Defence and Security joined the round, alongside the European Innovation Council through its Accelerator programme and additional investors including OTB Ventures, High-Tech Gründerfonds, APEX Ventures, Seraphim, Faber, E2MC, Kirch Ventures, Lennertz & Co., Mätch VC, MBG Baden-Württemberg, and Tech Horizons.
The Santa Maria, Portugal-based company said the funding will be used to build an initial three-vehicle PHOENIX 2 fleet, launch ATMOS WORKS for governmental and defence customers, and advance development of PHOENIX 3, its next-generation orbital return vehicle.
The raise comes as European space companies push to build more sovereign launch, transport, and return capabilities, an area drawing growing interest from both institutional and defence stakeholders.