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Aldoria Closes Series A Funding Through Green Financing

 

Aldoria
Pleiades nebula taken by ALDORIA’s optical sensors. Credit: Aldoria

Ibadan, 23 January 2023. – ALDORIA (formerly Share My Space) has announced closing its Serie A funding round, securing €10 million in equity investments from a strong syndicate, bringing the total amount of investment in the company to €22 million to date. To support this new stage of development, the company is strengthening its brand and effective today, Share My Space has become ALDORIA, a former name of the Pleiades nebula.

Starquest Capital led the funding round, including the European Innovation Council Fund, the French State, through its “Deeptech 2030” fund managed by Bpifrance, Expansion Ventures, Space Founders France, and Wind Capital. The funding also aligns with the requirement of Article 9 of the EU Sustainable Finance Disclosure Regulation, as ALDORIA’s mission to protect critical space assets and resources aligns perfectly with this policy. Starquest’s dedication to green financing reflects a global shift towards sustainable investments, and ALDORIA is proud to see space recognized as an environmental priority.

Speaking on the funding and the quest for sustainable space practices, Romain Lucken, CEO of ALDORIA, said, “We have been striving for half a decade to make Earth orbits recognized as part of our environment. We are very happy that orbital environment protection is now supported by green finance, and we are therefore particularly proud of our partnership with Starquest Capital through their Protect Article 9 fund, with the continued support of our existing shareholder Expansion Ventures, as well as several public investors.”

Aldoria is now ready for its next development stage as a result of the funding. For example, the Company aims to expand its network of six optical surveillance stations on four continents the network to 12 stations by 2025.

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