News

March 28, 2023

Starting to take off: German rocket maker Isar Aerospace raises $165m

Fastest growing private launcher in Europe pulls in $330m in VC cash overall and notches biggest global spacetech round so far in 2023


Éanna Kelly

3 min read

Source: Isar Aerospace

Rocket maker Isar Aerospace today announced a $165m Series C — 2023's biggest spacetech round globally so far. The Munich-based startup, which hopes to send its first rocket to space later this year, has now raised $330m in less than five years, from investors including Airbus’s VC arm and former SpaceX executive Bülent Altan. It’s the best-capitalised private spacetech in Europe, with Finnish satellite maker Iceye running a close second with $304m raised.

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Éanna Kelly

Éanna Kelly is a contributing editor at Sifted, and writes Startup Life , a weekly newsletter on what it takes to build a startup. Follow him on X and LinkedIn

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