Isar Aerospace Valuation, Funding & Investors

Isar Aerospace is valued at $1.1B as of June 2025.

Last Isar Aerospace valuation

$1.1B

Undisclosed stage · Jun 2025

Last Isar Aerospace funding round

$314M

Series D · Jun 2026

Cumulative funding Isar Aerospace raised

$912M

across 7 funding rounds

Key investors in Isar Aerospace

  • UVC Partners
  • Earlybird VC
  • Lakestar
  • HV Capital
  • Airbus Ventures
  • Vsquared Ventures

Isar Aerospace Overview

About Isar Aerospace

Munich-based Isar Aerospace engineers and launches Spectrum, a two-stage liquid rocket fueled by propane and liquid oxygen for small to medium satellites. With nine engines on the first stage and one on the second, it supports payloads up to 1,000 kg to low Earth orbit via dedicated, rideshare, or lead configurations from sites like Andøya Spaceport and Guiana Space Centre.


Founded

2018

HQ

GermanyMunich

Status

Privately held

Customer focus

B2B

Revenue model

Services

Valuation

$1.1B (Jun 2025)

Isar Aerospace Valuation

Isar Aerospace is currently valued at $1.1B, based on its undisclosed-stage round in June 2025.

The $177M round was led by Eldridge Industries.

Isar Aerospace's valuation has grown 3.1x from $368M at its Series B in July 2021 to $1.1B in June 2025, across 2 priced rounds.

Isar Aerospace valuation by funding round

Isar Aerospace valuation by funding round
DateStageValuation
Jun 2025Undisclosed stage$1.1B
Jul 2021Series B$368M

Isar Aerospace Funding History

Isar Aerospace has raised a total of $912M across 7 funding rounds.

Isar Aerospace's first fundraising round was a $17M Series A in December 2019. The most recent completed round was a $314M Series D in June 2026.

Isar Aerospace funding rounds

Isar Aerospace funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2026Series DCipio Partners (lead); UVC Partners; Island Green Capital; KfW Capital; Molten Ventures; Lakestar; HV Capital$314M-Isar Aerospace secured a EUR 270 million Series D financing round in June 2026, with participation from HV Capital alongside new investors Island Green Capital and Molten Ventures and other existing backers. The company said the capital will be used to expand operations worldwide, drive global scaling, and ramp up serial production of its Spectrum launch vehicle, with the round announced ahead of the company’s qualification flight window in mid-June 2026. The financing builds on Isar Aerospace’s earlier funding history, including its USD 165 million Series C in 2023 and a 2021 Series B extension led by HV Capital, which helped make it one of Europe’s most heavily funded space startups. By June 2026, the company described the new round as supporting sovereign space capabilities for Europe, NATO, and allies, reinforcing its strategic positioning in launch services and industrial-scale production. Isar Aerospace is a Munich-based launch services company founded in 2018 and focused on small and medium satellites. Its business centers on the Spectrum launch vehicle and associated launch services, and it has emphasized rapid scaling from development toward serial production and operational launch capability.
Jun 2025Undisclosed stageEldridge Industries (lead)$177M$1.1BIsar Aerospace, a Munich-based aerospace startup founded in 2018, develops the Spectrum launch vehicle to provide flexible, cost-effective satellite launch services for small and medium-sized payloads, aiming for Europe's independent access to space. The company conducted its inaugural Spectrum rocket flight from Norway’s Andøya Spaceport in March 2025, which failed shortly after liftoff but provided valuable data, with production underway for second and third rockets. On approximately June 25, 2025, Isar Aerospace secured €150 million (about $174M) in growth financing from Eldridge Industries, led by Todd Boehly, structured as a convertible bond in three €50M tranches. This funding, following a €65M Series C extension in June 2024, brings total capital raised over €550M (excluding government grants), positioning Isar as Europe's most-funded launch startup and achieving unicorn status with a valuation exceeding €1 billion, potentially up to €1.75B by June 2026 upon conversion. Proceeds will expand series production of launch vehicles near Munich and scale launch capacities for commercial services worldwide. The deal marks a shift from European to international investors, with Boehly joining the supervisory board, signaling strong global confidence in Isar’s role in the competitive small satellite launch market.
Jun 2024Series CNATO Innovation Fund (lead); 10x Group; UVC Partners; Airbus Ventures; Bayern Kapital; Lakestar; Besant Capital; Leblon Capital; G3T; Earlybird VC; LP&E; Finadvice Med Holdings$70M-Isar Aerospace, a Munich-based satellite launch service company founded in 2018, develops the Spectrum two-stage orbital launch vehicle capable of delivering payloads of up to 1,000 kilograms to low Earth orbit. The company is preparing its debut launch from Andøya Spaceport in Norway and focuses on scaling and industrializing production to serve institutional and commercial demand, leveraging commercial technologies for sovereignty in space access, defense, security, and resilience. On June 20, 2024, Isar Aerospace extended its Series C funding round by more than EUR 65 million (approximately USD 69-70 million), bringing the total Series C to over EUR 220 million and cumulative funding to more than EUR 400 million. The extension featured strong commitment from lead investor NATO Innovation Fund (NIF), marking its first direct investment in a satellite launch provider; new investors included G3T, 10x Group, Besant Capital, Finadvice Med Holdings, and LP&E; existing investors were Lakestar, Earlybird Venture Capital, Airbus Ventures, Bayern Kapital, and UVC Partners. The extension builds on the initial Series C closed in March 2023 at EUR 155 million (USD 165 million). The funding supports continued investment in building and equipping series production facilities for the Spectrum rocket. This aligns with global trends where nations like the United States rely on commercial space capabilities for innovation, efficiency, and cost-effectiveness in defense strategies. CEO Daniel Metzler highlighted the investment as validation of Isar’s approach and a call for European governments to leverage private innovation.
Mar 2023Series CVsquared Ventures; Porsche SE; UVC Partners; 7 Industries; Bayern Kapital; Lombard Odier; Lakestar; HV Capital; Earlybird VC$168M-Isar Aerospace, a German space company founded in 2018, develops the Spectrum launch vehicle to provide dedicated, cost-efficient access to orbit for small and medium-sized satellites from a launch site in Andøya, Norway. The company secured a $165 million (EUR 155 million) Series C funding round on March 28, 2023, backed by investors including 7-Industries Holding, Bayern Kapital via Scale Up Fund Bavaria, Earlybird Venture Capital, HV Capital, Lakestar, Lombard Odier Investment Managers, Porsche Automobil Holding SE (Porsche SE), UVC Partners, and Vsquared Ventures. This marked the largest SpaceTech financing round globally in 2023 to date, bringing total funding raised to over $330 million (EUR 310 million), positioning Isar as the most capitalized independent New Space company in the European Union. The proceeds support the inaugural flight of Spectrum planned for the second half of 2023, ramping up launch cadence, scaling automated production capabilities to meet a strong order book amid rising global demand for satellite launches, and advancing new initiatives while maintaining vertical integration. At the time, Isar was producing its maiden flight vehicle, qualifying systems including the in-house Aquila engine, and finalizing launch infrastructure. CFO David Kownator noted the round closed at an increased valuation over the July 2021 Series B despite a challenging market, underscoring investor confidence in the company's progress and technology. Isar Aerospace aims to catalyze Europe's space sector growth by offering reliable orbital access for commercial, institutional, and government customers, competing in the burgeoning New Space economy. The round highlights its leadership, with CEO Daniel Metzler emphasizing space tech's role in innovation, technology, and security. Seed investor Bulent Altan praised its execution, quality focus, and volume production potential ahead of first launches.
Jul 2021Series BHV Capital (lead); Lombard Odier (lead); Porsche SE (lead); Vsquared Ventures; UVC Partners; Apeiron Investment Group; Lakestar; Quonota Investments; Earlybird VC$75M$368MIsar Aerospace is a German startup developing small launch vehicles like Spectrum to provide dedicated, affordable access to space for small and medium satellites up to 500 kg, spun out from Technical University of Munich. It targets satellite constellations and aims to enable flexible launches from sites like Andoya, Norway, competing in Europe's emerging space launch sector against U.S. leaders. The company secured its first paying customer, Airbus Defence and Space, with plans for more contracts. In December 2020, Isar Aerospace raised EUR 75 million in the initial Series B, led by Earlybird Venture Capital and Airbus Ventures. On July 28, 2021, it announced an additional $75 million (EUR 63 million) extension led by HV Capital, Porsche Automobil Holding SE (Porsche SE), and Lombard Odier, with participation from existing investors Apeiron Investment Group, Earlybird Venture Capital, Lakestar, UVC Partners, and Vsquared Ventures, bringing the total Series B to over $165 million (EUR 138-166 million). This was noted as the largest financing for a European space tech company at the time, funding development toward a first test flight in 2022 and manufacturing expansion. The extended Series B implied a post-money valuation of EUR 320 million after issuing over 40% new shares for EUR 138 million total raised. Customer inquiries exceeded half a billion dollars, and later developments included a March 2023 Series C of EUR 155 million at around EUR 830 million post-money valuation, pushing cumulative funding over EUR 330 million.
Dec 2020Series BLakestar (lead); Vsquared Ventures; UVC Partners; Airbus Ventures; Ann-Kristin Achleitner; Apeiron Investment Group; HV Capital; Paul Achleitner; Bulent Altan; Earlybird VC$91M-Isar Aerospace, a German space company, develops the Spectrum micro-launcher to provide cost-effective and dedicated access to space for small and medium satellites and constellations, aiming to enable Europe to compete internationally with rideshare-dominated services. Founded in 2018, the company uses additive manufacturing and in-house software to accelerate development and reduce costs. In December 2020, Isar raised a $91 million (EUR 75 million) Series B round, Europe's largest spacetech funding at the time, led by Lakestar with participation from Earlybird Venture Capital, Vsquared Ventures, Airbus Ventures, Apeiron Investment Group, Bulent Altan, HV Capital, UVC Partners, Ann-Kristin Achleitner, and Paul Achleitner, bringing total funding over $100 million. The funds supported continued R&D, production scaling, and preparation for first commercial launches targeted for early 2022, positioning Isar as the first privately funded European orbital launch provider. Investors highlighted the strategic importance for European sovereignty in space access amid growing demand for dedicated launches for constellations. At the time, Isar reported $500 million in customer inquiries, indicating strong market interest despite pre-revenue status. Subsequent rounds built on this, including a Series C in 2023 raising USD 165 million at a higher valuation than prior rounds, followed by extensions, reaching over EUR 400 million total by 2024, with backers like Porsche SE and NATO Innovation Fund joining later. Isar remains the most capitalized independent New Space company in Europe, advancing toward operational launches.
Dec 2019Series AEarlybird VC (lead); UVC Partners; Airbus Ventures; Vito Ventures$17M-Isar Aerospace, a Munich-based space vehicles manufacturer founded in 2018, closed a $17 million Series A investment round in December 2019 led by Earlybird Venture Capital and Airbus Ventures, with participation from existing investors Vito Ventures and UVC Partners, plus angels Bulent Altan and Christian Angermayer's Apeiron Investment Group. The company develops low-cost launch vehicles designed for deploying and resupplying satellite constellations, focusing on affordable access to space through sustainable, environmentally-friendly propulsion systems. Co-founder and CEO Daniel Metzler led the round, which attracted prominent aerospace investors including SpaceX veteran Bulent Altan. The funding supported development of the company's proprietary Aquila engine and preparation for inaugural orbital flights. This Series A was part of Isar Aerospace's trajectory to becoming the most capitalized independent New Space company in the European Union, eventually raising over $644 million across 14 funding rounds by 2026.

Who has invested in Isar Aerospace?

28 investors have backed Isar Aerospace across its funding rounds, including UVC Partners, Earlybird VC, Lakestar, HV Capital, Airbus Ventures and Vsquared Ventures.

Lead investors include Cipio Partners, Eldridge Industries, NATO Innovation Fund, HV Capital, Lombard Odier and 3 other investors.


Isar Aerospace Investors

Investors in Isar Aerospace by funding rounds participated
InvestorHQRoundsRoleFirst check
UVC PartnersGermanyMunich6ParticipantDec 2019
LakestarSwitzerlandZurich5LeadDec 2020
Earlybird VCGermanyBerlin5LeadDec 2019
HV CapitalGermanyMunich4LeadDec 2020
Vsquared VenturesGermanyMunich3ParticipantDec 2020
Airbus VenturesUnited StatesSan Francisco, CA3ParticipantDec 2019
Porsche SEGermanyStuttgart2LeadJul 2021
Apeiron Investment GroupMaltaMalta2ParticipantDec 2020
Bayern KapitalGermanyLandshut2ParticipantMar 2023
Lombard OdierSwitzerlandGeneva2LeadJul 2021
10x GroupGermanyMunich1ParticipantJun 2024
Island Green Capital--1ParticipantJun 2026
KfW CapitalGermanyFrankfurt1ParticipantJun 2026

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Isar Aerospace Competitors

Isar Aerospace competitors include listed companies like Paras Defence And Space, York Space Systems, Orbita Aerospace and Astroscale, and private ones like Skyroot Aerospace and Hermeus.

Public and private companies comparable to Isar Aerospace
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Paras Defence And SpaceIndiaIndiaPublicly listed$50M$13M$1.1B20.2x
Skyroot AerospaceIndiaHyderabadPrivate--$1.2B-
York Space SystemsUnited StatesUnited StatesPublicly listed$386M($21M)$1.2B2.2x
Orbita AerospaceChinaChinaPublicly listed$41M($21M)$1.2B-
HermeusUnited StatesAtlanta, GAPrivate--$1B-
AstroscaleJapanJapanPublicly listed$38M($58M)$977M20.9x

Isar Aerospace Public Comps

Isar Aerospace is still privately-owned, but its public comps include Paras Defence And Space, AEVEX, Shaanxi Zhongtian Rocket, Droneshield, 6912 Communication, York Space Systems, Invisio, Orbita Aerospace, HAITE High-Tech and Vincorion.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Paras Defence And Space$50M$13M23.1x20.2x85.1x78.5x
AEVEX$433M$30M5.2x3.5x74.9x25.6x
Shaanxi Zhongtian Rocket$117M($6M)9.3x-(192.0x)-
Droneshield$154M$3M6.7x5.8x321.0x(254.5x)
6912 Communication$67M$11M17.3x-104.2x-
York Space Systems$386M($21M)2.2x2.2x(39.8x)(32.7x)
Invisio$177M$39M6.0x5.1x27.3x23.2x
Orbita Aerospace$41M($21M)30.0x-(57.8x)-

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Common questions about Isar Aerospace

When was Isar Aerospace founded?Isar Aerospace was founded in 2018.
Where is Isar Aerospace headquartered?Isar Aerospace is headquartered in Munich, Germany.
Is Isar Aerospace publicly listed?No, Isar Aerospace is a private, VC-backed company.
What is Isar Aerospace's valuation?Isar Aerospace was last valued at $1.1B in its undisclosed-stage round in June 2025.
How much funding has Isar Aerospace raised?Isar Aerospace has raised $912M across 7 funding rounds.
What was Isar Aerospace's last funding round?Isar Aerospace's last funding round was a $314M Series D in June 2026, led by Cipio Partners.
Who are Isar Aerospace's investors?Isar Aerospace's investors include UVC Partners, Lakestar, Earlybird VC, HV Capital, Vsquared Ventures, Airbus Ventures, Porsche SE, Apeiron Investment Group, Bayern Kapital, Lombard Odier and 18 others.
Which companies are comparable to Isar Aerospace?Companies comparable to Isar Aerospace include Paras Defence And Space, Skyroot Aerospace, York Space Systems, Orbita Aerospace, Hermeus and Astroscale.

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