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- D-Orbit
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
$234M
across 7 funding rounds
Key investors in D-Orbit
CDP Venture Capital
Seraphim Space IT
Neva SGR
Primo Capital
Indaco Venture Partners
Azimut Group
About D-Orbit
D-Orbit is an Italian space-logistics company founded in 2011. It designs, manufactures, and operates orbital transfer vehicles that deploy satellites after launch and can carry hosted payloads for in-orbit testing or commercial missions. The company also provides mission analysis, engineering, integration, launch support, satellite operations, cloud-based mission-control software, and services connected with end-of-life and orbital-debris management. Satellite manufacturers, constellation operators, research organizations, and space agencies buy these products and services to reach specific orbits and manage missions. D-Orbit earns revenue from transportation missions, hosted payloads, software, and engineering work. It established a Portuguese software subsidiary with support from Caixa Capital and Building Global Innovators during 2014.
Founded
2011
HQ
Website
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. Read the announcement ↗
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 January 2024 to $500M in September 2024, across 2 priced rounds.
D-Orbit valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Sep 2024 | Series C | $500M |
| Jan 2024 | Series C | $500M |
D-Orbit Funding History
D-Orbit has raised a total of $234M across 7 funding rounds, plus 1 secondary share sale.
D-Orbit's first fundraising round was a $138K pre-seed round in January 2014. The most recent completed round was a $53M Series D in January 2026.
D-Orbit funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2026 | Series D | Azimut 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 2026 | Secondary | Azimut 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 2024 | Series C | Marubeni 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 | $500M | D-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. |
| Jan 2024 | Series C | Marubeni (lead); United Ventures; Primo Capital; Seraphim Space IT; Indaco Venture Partners; Neva SGR; CDP Venture Capital; Avant Garde Family Office | $110M | $500M | D-Orbit, the Italian space logistics company, completed the first closing of its Series C round in January 2024, raising approximately EUR 100 million (about USD 110 million). The round was led by Marubeni Corporation, the Japanese industrial group, with participation from the family office Avantgarde, CDP Venture Capital through its Large Ventures and Italia Venture I funds, Seraphim Space Investment Trust, United Ventures, Indaco Venture Partners, Neva SGR and Primo Ventures, alongside incremental investments from existing shareholders. A subsequent closing with additional investors was planned for the first half of 2024. The proceeds are meant to expand the company's space logistics service offering and strengthen its operations in the United States, Europe and the United Kingdom. D-Orbit was founded in 2011 and operates the ION Satellite Carrier, an orbital transfer vehicle that deploys satellites and customer payloads into their target orbits. The company also works on in-orbit servicing, orbital support and space-based computing, and positions itself as a sustainability-focused player in the growing space economy. |
| Apr 2020 | Series A | Neva 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. |
| Oct 2015 | Seed | Club degli Investitori (lead); Como Venture; Green Arrow Capital | $2M | - | D-Orbit closed a new investment round worth about EUR 1.83 million, announced on 5 October 2015 and tied to participative financial instruments. The Club degli Investitori, an Italian angel group, put in about EUR 1.3 million and was the largest contributor. TTVenture, the venture fund of the Quadrivio group and an existing shareholder, and Como Venture took part alongside a group of entrepreneurs from the Como area. Como Venture added about EUR 230,000 through its club of local entrepreneurs. A separate EUR 1.2 million Unicredit loan backed by the Central Guarantee Fund for innovative startups brought the company more than EUR 3 million in a few weeks. D-Orbit was founded in 2011 on an idea of Luca Rossettini, and its decommissioning system brings satellites back to Earth at the end of their life. |
| Dec 2014 | Series A | Green Arrow Capital (lead); Como Venture | $3M | - | D-Orbit, an Italian startup that develops systems to remove satellites from orbit at the end of their life, raised EUR 2.2 million in a round reported on 12 December 2014. Quadrivio Capital SGR put in EUR 1.95 million through its TTSeed and TTVenture funds, which the article says have backed the company since its founding. Como Venture, a vehicle owned by 26 entrepreneurs from the Como area, added EUR 250,000. The company said fundraising would continue in 2015 to bring in more Italian and foreign investors. D-Orbit was founded in 2011 by four young aerospace engineers and is led by chief executive Luca Rossettini. It has expanded into Europe and the United States and has been supported by the space agencies ASI, ESA and NASA. |
| Jan 2014 | Pre-seed | Caixa Capital | $138K | - | Caixa Capital invested EUR 100,000 in D-Orbit during 2014 through the Building Global Innovators program associated with MIT Portugal and ISCTE. D-Orbit used the support to establish a Portuguese subsidiary in Lisbon and build the critical software used by its satellite technology. Program reporting described four finalists, including D-Orbit, as having secured a combined EUR 400,000 of financial support, while a detailed company history identifies Caixa's company-level commitment as EUR 100,000 with a possible milestone-linked increase. A later BGI release about D-Orbit's December 2014 Italian venture round separately credited Caixa Capital with supporting the Portuguese operation, establishing that the Caixa event preceded and was not part of the Como Venture and Quadrivio financing already in the database. D-Orbit develops orbital transportation, deployment, and satellite-mission services for spacecraft operators. |
Who has invested in D-Orbit?
24 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | Apr 2020 | ||
| 3 | Lead | Apr 2020 | ||
| 3 | Participant | Apr 2020 | ||
| 2 | Participant | Jan 2024 | ||
| 2 | Lead | Jan 2026 | ||
| 2 | Participant | Dec 2014 | ||
| 2 | Participant | Jan 2024 | ||
| 2 | Lead | Dec 2014 | ||
| 1 | Participant | Sep 2024 | ||
| 1 | Participant | Jan 2024 | ||
| 1 | Lead | Oct 2015 | ||
| 1 | Participant | Apr 2020 | ||
| 1 | Participant | Apr 2020 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialD-Orbit Competitors
D-Orbit competitors include listed companies like QPS Holdings, BlackSky, Gogo Air and Orbita Aerospace, and private ones like Muon Space and SpinLaunch.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $24M | $20M | $491M | 22.6x | ||
| Publicly listed | $107M | ($28M) | $731M | 5.3x | ||
| Publicly listed | $910M | $147M | $320M | 1.3x | ||
| Publicly listed | $42M | ($22M) | $1.1B | - | ||
| Private | - | - | $1.5B | - | ||
| Private | - | - | $2B | - |
D-Orbit Public Comps
D-Orbit is still privately-owned, but its public comps include Figeac Aero, QPS Holdings, Satellogic, Chorus Aviation, Rossell Techsys, Ovzon, Park Aerospace, TAT Technologies, Aerostar and Intellian Technologies.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $544M | $75M | 1.4x | 1.3x | 10.4x | 8.1x | |||
| $24M | $20M | 17.0x | 22.6x | 20.8x | 99.7x | |||
| $18M | $2M | 27.9x | 11.7x | 240.9x | (74.3x) | |||
| $942M | $157M | 0.7x | 0.7x | 4.3x | 5.0x | |||
| $51M | $7M | 11.4x | - | 82.5x | - | |||
| $75M | $34M | 6.2x | 4.5x | 13.8x | 10.8x | |||
| $73M | $15M | 6.2x | 5.5x | 29.5x | 23.7x | |||
| $178M | $24M | 2.2x | 2.0x | 16.2x | 14.1x | |||
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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 $234M across 7 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 14 others. |
| Which companies are comparable to D-Orbit? | Companies comparable to D-Orbit include QPS Holdings, BlackSky, Gogo Air, Orbita Aerospace, Muon Space and SpinLaunch. |
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