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ReOrbit lands record funding to take on Musk’s Starlink from Europe

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ReOrbit lands record funding to take on Musk’s Starlink from Europe Anna Heim PM PDT · September 8, 2025 ReOrbit, a Finnish startup focused on sovereign satellites, has raised a record €45 million (about US $53 million) Series A round of funding for a European space tech company. That’s another sign that European new space market is heating up, fueled

Founded in 2019 and based in Helsinki, ReOrbit aims to help countries control their own satellites. According to its CEO, Sethu Saveda Suvanam, it offers a solution to nations that can’t build their own satellites but want an affordable alternative to Elon Musk-owned Starlink.

Unlike Starlink, which also targets private users and enterprises, ReOrbit wants its clients to have full ownership and sovereignty over their satellites and communications. This means sourcing hardware from trusted

This software core, which Saveda Suvanam likens to iOS, can equally drive ReOrbit’s geostationary orbit satellite, SiltaSat, and its low earth orbit satellite, UkkoSat.

Such flexibility is particularly critical for countries that see the accelerating role of space underpinning their defense, security, and critical infrastructure.

That approach has helped the company sign “a full contract worth some hundreds of millions” with one nation and “multiple MOUs” with others, Saveda Suvanam said.

Saveda Suvanam insists that such contracts mean the startup didn’t need external funding, but it took the round anyway to accelerate growth. He wants ReOrbit to become a sales unicorn in the next four years. “We are targeting €1 billion in order books,” Saveda Suvanam said.

Techcrunch event Join 10k+ tech and VC leaders for growth and connections at Disrupt 2025 Netflix, Box, a16z, ElevenLabs, Wayve, Sequoia Capital, Elad Gil — just some of the 250+ heavy hitters leading 200+ sessions designed to deliver the insights that fuel startup growth and sharpen your edge. Don’t miss the 20th anniversary of TechCrunch, and a chance to learn from the top voices in tech. Grab your ticket before Sept 26 to save up to $668. Join 10k+ tech and VC leaders for growth and connections at Disrupt 2025 Netflix, Box, a16z, ElevenLabs, Wayve, Sequoia Capital, Elad Gil — just some of the 250+ heavy hitters leading 200+ sessions designed to deliver the insights that fuel startup growth and sharpen your edge. Don’t miss the 20th anniversary of TechCrunch, and a chance to learn from the top voices in tech. Grab your ticket before Sept 26 to save up to $668. San Francisco | October 27-29, 2025 REGISTER NOW ReOrbit was actually aiming to raise €50 million in its Series A organized

“The public share issue of €8 million, organized for Finnish private investors and family offices, was opened on June 16 and filled in just 4.5 hours — faster than any share issue ever arranged

The remaining €37 million ($43.5 million) also had a strong Nordic flavor, coming from institutional investors including previous backers Varma, Elo, Icebreaker.vc, Expansion VC, 10x Founders, and Inventure.

With competitors including Astranis and others, ReOrbit is shaped

One key factor was a regulatory environment that had already proven favorable to Finland’s ICEYE — been one of the most well-capitalized space startups outside of SpaceX. But current tense geopolitics also play a role. Cuts to undersea cables in the Red Sea served other nations a reminder of the importance of satellite imaging.

“Finland is not a country that wants to be a superpower, and this is very important, because today, a lot of nations are stuck between China and the U.S. When we talk to the highest

ReOrbit’s next milestone will also come from Europe: it is building a satellite for an in-orbit demonstration with the European Space Agency that it plans to launch in the second quarter of next year, Saveda Suvanam said.

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Anna Heim Freelance

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As of May 2025, her reporting for TechCrunch focuses on Europe’s most interesting startup stories.

Anna has moderated panels and conducted onstage interviews at industry events of all sizes, including major tech conferences such as TechCrunch Disrupt, 4YFN, South Summit, TNW Conference, VivaTech, and many more.

A former LATAM & Media Editor at The Next Web, startup founder and Sciences Po Paris alum, she’s fluent in multiple languages, including French, English, Spanish and Brazilian Portuguese.

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