D-Orbit Valuation, Funding & Investors

D-Orbit is valued at $500M as of September 2024.

Last D-Orbit valuation

$500M

Series C · Sep 2024

Last D-Orbit funding round

$53M

Series D · Jan 2026

Cumulative funding D-Orbit raised

$233M

across 6 funding rounds

Key investors in D-Orbit

D-Orbit Overview

About D-Orbit

D-Orbit is an Italian space company providing satellite design, development, launch commissioning, and decommissioning services. Founded in 2011 and headquartered in Milan with offices in Washington, DC, and Lisbon, Portugal, D-Orbit streamlines missions via in-orbit transportation and disposal solutions for small satellite operators.


Founded

2011

HQ

ItalyMilan

Status

Privately held

Customer focus

B2B

Revenue model

Services

Valuation

$500M (Sep 2024)

D-Orbit Valuation

D-Orbit is currently valued at $500M, based on its Series C in September 2024.

The $56M round was led by Marubeni America Corporation, with participation from European Innovation Council, Primo Capital, Seraphim Space IT, 5G Ventures, Indaco Venture Partners and 5 other investors.

D-Orbit's valuation has moved from $500M at its Series C in November 2023 to $500M in September 2024, across 2 priced rounds.

D-Orbit valuation by funding round

D-Orbit valuation by funding round
DateStageValuation
Sep 2024Series C$500M
Nov 2023Series C$500M

D-Orbit Funding History

D-Orbit has raised a total of $233M across 6 funding rounds, plus 1 secondary share sale.

D-Orbit's first fundraising round was a $3M Series A in December 2014. The most recent completed round was a $53M Series D in January 2026.

D-Orbit funding rounds

D-Orbit funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jan 2026Series DAzimut Group (lead)$53M-D-Orbit, an Italian satellite manufacturer and orbital logistics provider, closed the first tranche of its Series D funding round on January 22, 2026, raising $53 million in new investment led by Azimut Group, with an additional $75 million allocated by Azimut to purchase shares from an existing investor, totaling a $128 million deal. The funds are designated for strategic mergers and acquisitions to add capabilities in in-space computing, edge AI, autonomous navigation, robotic servicing, and in-space servicing, assembly, and manufacturing (ISAM) services such as debris removal and spacecraft transportation. The company also plans to expand production capacity for its ION Satellite Carrier platform to meet rising demand for orbital delivery and logistics services. This investment supports D-Orbit's expansion of its space-to-space infrastructure, focusing on orbital edge AI for real-time data processing on satellites, targeting government, defense, and commercial operators. The capital will fund a larger production facility near Lake Como, Italy, hiring for production, industrial machining, and AI expertise, while pursuing institutional contracts and entering new markets. The full Series D is expected to close in June 2026. The transaction involved the issuance of convertible preferred shares, positioning D-Orbit to enhance its ION carrier production frequency, integrate complementary technologies via M&A, and develop dual-use technologies for high-margin monitoring and data-processing contracts amid growing demand for flexible space logistics.
Jan 2026SecondaryAzimut Group (lead)$75M-D-Orbit is an Italian company specializing in orbital logistics services, satellite manufacturing, and in-space infrastructure, including its ION Satellite Carrier for payload deployment and missions for commercial and government clients. Azimut Group, through Azimut Investments S.A. and a dedicated Luxembourg fund, completed a €110 million investment in D-Orbit as lead investor in an ongoing Series D round announced around January 22, 2026. The transaction included subscribing to a capital increase and acquiring shares on the secondary market from sellers such as Indaco Venture Partners, Como Venture, and Spazior. The first tranche consisted of $53 million in new funding and a $75 million buyout of an existing investor, totaling $128 million, to fund M&A, capacity expansion, in-space computing, and ISAM capabilities like debris removal and satellite life extension. D-Orbit previously raised $168 million in its 2024 Series C round.
Sep 2024Series CMarubeni America Corporation (lead); European Innovation Council; Primo Capital; Seraphim Space IT; 5G Ventures; Indaco Venture Partners; Neva SGR; Terna Forward; CDP Venture Capital; Avantgarde Finance; Iberis Capital$56M$500MD-Orbit is an Italian space logistics startup founded in 2011 that provides in-orbit transportation and satellite servicing solutions. The company operates its proprietary ION orbital transfer vehicle and has completed 16 successful missions as of September 2024. D-Orbit is the first B-Corp certified space company in the world and has positioned itself as a category leader in the in-orbit transportation segment globally. The company's Series C funding round began with a first closing in January 2024, where D-Orbit raised €100 million (approximately $110 million) led by Marubeni Corporation of Japan. Multiple sources reported the company's post-money valuation at approximately $500 million following this closing. The round included participation from investors including Avantgarde, CDP Venture Capital, Seraphim Space Investment Trust, United Ventures, Indaco Venture Partners, Neva SGR, and Primo Ventures. An additional €50 million was expected in the first half of 2024. The second and final closing of the Series C round occurred in September 2024, bringing the total Series C to €150 million (approximately $165 million), making it one of the largest space deals in the preceding 12 months. The funding will support D-Orbit's expansion of space cloud computing capabilities, on-orbit servicing, and operational growth across the US, Europe, and the UK. D-Orbit demonstrated strong business performance leading into the funding round, with triple-digit revenue growth annually since 2021. In 2023, the company secured over €60 million in contracts from European space agencies and governments, which represent approximately half of its overall business. The company stated it is now funded through to cash flow profitability based on its order book strength.
Nov 2023Series CMarubeni (lead); United Ventures; Primo Capital; Seraphim Space IT; Indaco Venture Partners; Neva SGR; CDP Venture Capital; Avant Garde Family Office$110M$500MD-Orbit is an Italian space logistics company founded in 2011, providing satellite transportation, in-orbit services, orbital support, and computing capabilities via its ION Satellite Carrier, which has conducted 14 missions and deployed over 150 customer payloads. The company focuses on orbit insertion, life extension, de-orbiting, and sustainability in space, positioning itself as a leader in the growing space economy projected to exceed $1 trillion by 2030. In November 2023, D-Orbit announced its Series C funding round led by Marubeni Corporation, with participation from Avant Garde Family Office, CDP Venture Capital, Indaco Venture Partners, Neva SGR, Primo Capital (Ventures), Seraphim Space, and United Ventures, among others. The first closing raised over €100 million ($109-110 million), with plans for an additional €50 million ($56 million) in the first half of 2024, bringing the total to €150 million ($166 million). Marubeni expanded its exclusive sales agency for D-Orbit services to Southeast Asia and the Middle East, and will appoint a board director. Funds will strengthen Italian operations, accelerate global expansion in in-orbit servicing, space cloud computing, and orbital transportation, increase production capacity, pursue M&A for new capabilities like debris removal and recycling, and support hiring. The company stated it is funded through to cash flow profitability based on its order book. Prior valuation exceeded $1.28 billion in January 2022. A later Series D tranche closed $53 million led by Azimut Group in 2024 for acquisitions and capacity expansion near Lake Como, Italy, with Azimut allocating $75 million to buy shares from an existing investor. Marubeni increased its stake to 66.7% by August 2023 in a separate equity acquisition, though primarily tied to this Series C context.
Apr 2020Series ANeva SGR (lead); 808 Ventures; NovaCapital; Seraphim Space IT; TT Ventures; CDP Venture Capital; Noosphere Ventures; Elysia Capital$10M-D-Orbit is a private aerospace company headquartered in Italy focused on in-orbit transportation and space logistics services. The company developed the ION Satellite Carrier, a proprietary orbital transfer vehicle capable of deploying satellites to multiple precise orbital slots in a single mission. In March 2020, D-Orbit secured funding of more than $10 million led by Neva SGR (Intesa Sanpaolo's Corporate Venture Capital investment vehicle). The round included new investors 808 Ventures, View Different, Savim, Geostazionaria, and ClubDealOnline (contributing approximately $3 million combined), alongside existing investors including Seraphim Capital, Noosphere Ventures, Elysia Capital, CDP Venture Capital, Nova Capital, and TT Venture who reaffirmed their commitment with incremental investments. By September 2020, D-Orbit had launched commercial ION missions and was operating satellite deployment services for clients including Planet Labs, EnduroSat, and SatRevolution. The company later achieved significant milestones, including a planned 2022 SPAC listing at a $1.4 billion valuation (subsequently cancelled) and a €150 million Series C round completed in September 2024 led by Marubeni Corporation.
Jul 2015SeedClub degli Investitori (lead); Como Venture; Green Arrow Capital$2M--
Dec 2014Series AGreen Arrow Capital (lead); Como Venture$3M--

Who has invested in D-Orbit?

23 investors have backed D-Orbit across its funding rounds, including CDP Venture Capital, Seraphim Space IT, Neva SGR, Primo Capital, Indaco Venture Partners and Azimut Group.

Lead investors include Azimut Group, Marubeni America Corporation, Marubeni, Neva SGR, Club degli Investitori and 1 other investor.


D-Orbit Investors

Investors in D-Orbit by funding rounds participated
InvestorHQRoundsRoleFirst check
Seraphim Space ITUnited KingdomLondon3ParticipantApr 2020
Neva SGRItalyTurin3LeadApr 2020
CDP Venture CapitalItalyRome3ParticipantApr 2020
Primo CapitalItalyMilan2ParticipantNov 2023
Azimut GroupItalyMilan2LeadJan 2026
Como VentureItalyComo2ParticipantDec 2014
Indaco Venture PartnersItalyMilan2ParticipantNov 2023
Green Arrow CapitalItalyRome2LeadDec 2014
European Innovation CouncilBelgiumBrussels1ParticipantSep 2024
United VenturesItalyItaly1ParticipantNov 2023
Club degli InvestitoriItalyTurin1LeadJul 2015
808 VenturesAustraliaAustralia1ParticipantApr 2020
NovaCapitalItalyMilan1ParticipantApr 2020

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D-Orbit Competitors

D-Orbit competitors include listed companies like QPS Holdings, Gogo Air, BlackSky and Orbita Aerospace, and private ones like Muon Space and SpinLaunch.

Public and private companies comparable to D-Orbit
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
QPS HoldingsJapanJapanPublicly listed$24M$20M$608M28.2x
Gogo AirUnited StatesUnited StatesPublicly listed$910M$147M$341M1.3x
BlackSkyUnited StatesUnited StatesPublicly listed$107M($28M)$931M7.0x
Orbita AerospaceChinaChinaPublicly listed$41M($21M)$1.2B-
Muon SpaceUnited StatesSan Francisco, CAPrivate--$1.5B-
SpinLaunchUnited StatesLos Angeles, CAPrivate--$2B-

D-Orbit Public Comps

D-Orbit is still privately-owned, but its public comps include TAT Technologies, Intellian Technologies, Spire Global, U-LEAM, Virgin Galactic, Chorus Aviation, Officina Stellare, Figeac Aero, Aerostar and Gemini Space Station.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
TAT Technologies$178M$24M2.6x2.4x19.7x17.2x
Intellian Technologies$233M$26M2.7x2.3x23.8x14.8x
Spire Global$72M($40M)5.5x5.1x(9.9x)(13.6x)
U-LEAM$18M$7M28.0x-72.9x-
Virgin Galactic$2M($271M)282.0x212.3x(1.6x)(2.0x)
Chorus Aviation$943M$157M0.7x0.7x4.2x4.8x
Officina Stellare$20M$9M28.8x-62.7x-
Figeac Aero$561M$78M1.5x1.5x11.1x8.8x

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Common questions about D-Orbit

When was D-Orbit founded?D-Orbit was founded in 2011.
Where is D-Orbit headquartered?D-Orbit is headquartered in Milan, Italy.
Is D-Orbit publicly listed?No, D-Orbit is a private, VC-backed company.
What is D-Orbit's valuation?D-Orbit was last valued at $500M in its Series C in September 2024.
How much funding has D-Orbit raised?D-Orbit has raised $233M across 6 funding rounds.
What was D-Orbit's last funding round?D-Orbit's last funding round was a $53M Series D in January 2026, led by Azimut Group.
Who are D-Orbit's investors?D-Orbit's investors include Seraphim Space IT, Neva SGR, CDP Venture Capital, Primo Capital, Azimut Group, Como Venture, Indaco Venture Partners, Green Arrow Capital, European Innovation Council, United Ventures and 13 others.
Which companies are comparable to D-Orbit?Companies comparable to D-Orbit include QPS Holdings, Gogo Air, BlackSky, Orbita Aerospace, Muon Space and SpinLaunch.

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