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Open Cosmos Raises $50M From Leading Impact Investors

Open Cosmos
Credit: Open Cosmos

Ibadan, 11 September 2023. – Open Cosmos, a space tech business making satellites that gather data to solve pressing global challenges, raised $50 million in Series B funding from three leading impact investors, ETF Partners, Trill Impact, and A&G. The round also included Accenture Ventures, Banco Santander InnoEnergy Climate Tech Fund and Claret Capital Partners, with participation from Taavet Hinrikus and Kheng Nam Lee. The funding will help to accelerate the company’s growth internationally and expand its offering to encompass sophisticated satellites and constellations as well as satellite-based analytics and insight solutions.

‍Rafel Jorda Siquier, CEO and Founder at Open Cosmos said: “Since launch, we’ve viewed Open Cosmos as more than a space tech company; we are agents of change, harnessing the power of satellite data to drive meaningful impact on Earth. Our successful Series B funding, with the support of such prominent ESG and impact investors, is a testament to our commitment to sustainability and innovation. It is important for us as a business to work with investors that believe in our mission and align with our values to use technology to solve urgent global problems, and we’re happy to find that with ETF Partners, Trill Impact and A&G. This investment will propel us forward, allowing us to accelerate our growth, expand our capabilities, and continue offering cutting-edge solutions.”

In addition, the company prides itself in its capacity to deliver end-to-end telecommunications, Earth Observation (EO), navigation, and scientific missions. It designs, builds, launches, and operates advanced satellites through its OpenOrbit offering; enables organizations to access and share data via its mutualized OpenConstellation infrastructure, and offers AI-powered data analysis from a growing range of satellite sources and analytic partners via its DataCosmos platform.

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