Open Cosmos Revenue, Valuation, Funding & Investors

Open Cosmos is valued at $1B as of September 2026, a 16.1x multiple on its last reported $62M revenue.

Last Open Cosmos valuation

$1B

Series C · Sep 2026

Last Open Cosmos funding round

$348M

Series C · Sep 2026

Open Cosmos revenue

$62M

Series C · Sep 2026

Key investors in Open Cosmos

  • Entrepreneurs First
  • Taavet Hinrikus
  • ETF Partners
  • Claret Capital Partners
  • Business Growth Fund
  • LocalGlobe

Open Cosmos Overview

About Open Cosmos

Open Cosmos is a Harwell-based space company that designs, manufactures, and operates small satellites for Earth observation, telecom, and science missions. Through its OpenOrbit platform, clients access nanosat constellations for 50 cm resolution imagery and AIS vessel tracking. DataCosmos provides AI analytics from multi-source satellite feeds. Headquartered in the UK with facilities in Spain, the company launched its first satellites in 2022 via SpaceX and Rocket Lab.


Founded

2015

HQ

United KingdomOxford

Status

Privately held

Customer focus

B2B

Revenue model

Services, Subscription

Revenue

$62M (Sep 2026)

Valuation

$1B (Sep 2026)

Open Cosmos Valuation

Open Cosmos is currently valued at $1B, based on its Series C in September 2026.

The $348M round was led by ETF Partners and Lightrock, with participation from National Security Strategic Investment Fund, Claret Capital Partners, Phoenix Court, Convex Group, Entrepreneurs First and 1 other investor.

Open Cosmos' valuation has grown 42x from $24M at its Series A in April 2018 to $1B in September 2026, across 2 priced rounds.

Open Cosmos valuation by funding round

Revenue multiple
Open Cosmos valuation by funding round
DateStageValuationRevenue Multiple
Sep 2026Series C$1B16.1x
Apr 2018Series A$24M-

Open Cosmos Revenue

Open Cosmos' latest recorded revenue is $62M, as of its Series C in September 2026. At a $1B valuation, that implies a 16.1x revenue multiple.

Open Cosmos revenue by funding round

Open Cosmos revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Sep 2026$62M$1B16.1xSeries C

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Open Cosmos Funding History

Open Cosmos has raised a total of $404M across 3 funding rounds.

Open Cosmos' first fundraising round was a $7M Series A in April 2018. The most recent completed round was a $348M Series C in September 2026.

Open Cosmos funding rounds

Open Cosmos funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Sep 2026Series CETF Partners (lead); Lightrock (lead); National Security Strategic Investment Fund; Claret Capital Partners; Phoenix Court; Convex Group; Entrepreneurs First; Institut Català de Finances$348M$1BLightrock led Open Cosmos’s €300 million ($348 million) Series C financing on 14 September 2026, with participation from ETF Partners, Entrepreneurs First, Institut Català de Finances (ICF), Convex Group, National Security Strategic Investment Fund (NSSIF), Phoenix Court, Claret Capital Partners, and other investors. The round valued Open Cosmos at more than $1 billion. Claret Capital Partners also provided a venture debt tranche alongside the equity round. The proceeds are intended to expand satellite manufacturing capacity, scale its proprietary constellation and space infrastructure platform, and accelerate services for government and enterprise customers. The company’s strategy centers on building and operating satellite infrastructure and connected space services, including a planned sovereign Ka-band broadband constellation in low Earth orbit under ConnectedCosmos. Open Cosmos is a UK-based satellite manufacturer and operator founded and led by Rafel Jorda Siquier. Its business spans satellite infrastructure, connectivity, real-time intelligence, Earth observation, communications, and data services, and the company said the new funding supports expansion of both commercial spacecraft production and constellation operations for international clients.
Sep 2023Series BA&G Energy Transition Tech Fund (lead); ETF Partners (lead); Trill Impact (lead); Accenture Ventures; Claret Capital Partners; Santander InnoEnergy Fund; Kheng Nam Lee; Taavet Hinrikus$49M-Open Cosmos is a UK-based space tech company founded in 2015 that designs, builds, and launches small satellites to collect data addressing global challenges like climate change, energy transition, and natural resource monitoring. The company offers satellites, satellite-based analytics via its DataCosmos platform, and plans to develop constellations through OpenConstellation. It emphasizes sustainability, multi-sensor satellite designs, and providing actionable insights to customers. Prior to this round, Open Cosmos had raised only about $7 million in external funding, focusing on commercialization and organic growth. On September 11, 2023, Open Cosmos announced a $50 million Series B funding round led by A&G Energy Transition Tech Fund, ETF Partners, and Trill Impact, with participation from Accenture Ventures, Santander InnoEnergy Fund (Banco Santander InnoEnergy Climate Tech Fund), Claret Capital Partners, Taavet Hinrikus, and Kheng Nam Lee. The funds are earmarked to accelerate international growth, particularly in the US and South America, expand business development and marketing teams, scale data offerings, and develop more advanced satellites and constellations. This represents a significant jump from prior funding, more than seven times the previous total. The company reported being EBITDA positive since the end of 2020 while doubling revenues year-on-year, highlighting financial sustainability amid a tough macroeconomic environment. It has achieved a 100% success rate in satellite launches, including missions like MANTIS and PLATERO, positioning it as a leader in accessible, sustainable space tech. Partnerships, such as with Accenture for sustainability data projects, underscore its market traction.
Apr 2018Series ABusiness Growth Fund (lead); LocalGlobe; Entrepreneurs First; Taavet Hinrikus; Charlie Songhurst$7M$24MOpen Cosmos is a UK-based space tech company founded in 2015 that designs, manufactures, and operates small satellites ranging from 4kg to 30kg, enabling space agencies, corporates, and entrepreneurs to integrate sensors for technology demonstrations, research, or customer services. The company, incubated at Entrepreneur First, launched its first satellite for the European Commission's QB50 program in 2017 and took full control of satellites in orbit to deliver data to customers. On April 18, 2018, Open Cosmos completed a $7 million Series A funding round led by BGF Ventures, with participation from LocalGlobe, Entrepreneur First, and angels Taavet Hinrikus and Charlie Songhurst. The post-money valuation was $23.51 million. Proceeds funded hiring, scaling manufacturing to 30 satellites per year, and marketing expansion, supporting a team of 22 people from diverse countries. At the time, Open Cosmos was recognized as one of the UK's fastest-growing space companies, doubling in size every six months to nearly 50 people with ambitions for continued growth into 2019.

Who has invested in Open Cosmos?

17 investors have backed Open Cosmos across its funding rounds, including Entrepreneurs First, Taavet Hinrikus, ETF Partners, Claret Capital Partners, Business Growth Fund and LocalGlobe.

Lead investors include ETF Partners, Lightrock, A&G Energy Transition Tech Fund, Trill Impact and Business Growth Fund.


Open Cosmos Investors

Investors in Open Cosmos by funding rounds participated
InvestorHQRoundsRoleFirst check
Claret Capital PartnersUnited KingdomLondon2ParticipantSep 2023
ETF PartnersUnited KingdomLondon2LeadSep 2023
Entrepreneurs FirstUnited KingdomLondon2ParticipantApr 2018
Taavet HinrikusUnited KingdomLondon2ParticipantApr 2018
National Security Strategic Investment FundUnited KingdomLondon1ParticipantSep 2026
Accenture VenturesUnited StatesSan Francisco, CA1ParticipantSep 2023
Santander InnoEnergy FundSpainMadrid1ParticipantSep 2023
LocalGlobeUnited KingdomLondon1ParticipantApr 2018
Phoenix CourtUnited KingdomLondon1ParticipantSep 2026
Business Growth FundUnited KingdomLondon1LeadApr 2018
A&G Energy Transition Tech FundSpainSpain1LeadSep 2023
Kheng Nam LeeSingaporeSingapore1ParticipantSep 2023
Convex GroupUnited KingdomLondon1ParticipantSep 2026

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Acquisitions by Open Cosmos

Open Cosmos has acquired 1 company to date.

Last acquisition by Open Cosmos was on July 3rd 2025. Open Cosmos acquired Connected for undisclosed valuation.


Latest Acquisitions by Open Cosmos

Connected
Description
Connected is a startup pioneering IoT connectivity solutions that link devices to foster new business models, targeting underserved markets to reduce the digital divide through affordable hardware and platform integrations.
HQ CountryPortugal
HQ City
Coimbra
Deal Date3 Jul 2025
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Open Cosmos Competitors

Open Cosmos competitors include listed companies like BlackSky, Hwa Create, Chengdu CORPRO Technology and Satellogic, and private ones like Loft Orbital and Umbra.

Public and private companies comparable to Open Cosmos
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Loft OrbitalUnited StatesSan Francisco, CAPrivate$6M-$1B-
BlackSkyUnited StatesUnited StatesPublicly listed$107M($28M)$931M7.0x
Hwa CreateChinaChinaPublicly listed$117M$5M$1.1B11.9x
Chengdu CORPRO TechnologyChinaChinaPublicly listed$142M$22M$1.2B9.0x
SatellogicUnited StatesUnited StatesPublicly listed$18M$2M$847M22.0x
UmbraUnited StatesWashington, DCPrivate--$825M-

Open Cosmos Public Comps

Open Cosmos is still privately-owned, but its public comps include BlackSky, Hwa Create, Satellogic, Chengdu CORPRO Technology, Telesat, Synspective, Orbita Aerospace, Gilat Satellite Networks, QPS Holdings and Gemini Space Station.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
BlackSky$107M($28M)8.6x7.0x(32.8x)68.0x
Hwa Create$117M$5M9.5x11.9x203.3x-
Satellogic$18M$2M46.9x22.0x405.1x(93.4x)
Chengdu CORPRO Technology$142M$22M8.7x9.0x57.1x22.8x
Telesat$299M($183M)12.7x15.3x(20.9x)38.3x
Synspective$15M$6M77.6x34.7x194.9x115.4x
Orbita Aerospace$41M($21M)30.0x-(57.8x)-
Gilat Satellite Networks$452M$45M1.4x1.3x13.6x10.2x

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Common questions about Open Cosmos

When was Open Cosmos founded?Open Cosmos was founded in 2015.
Where is Open Cosmos headquartered?Open Cosmos is headquartered in Oxford, United Kingdom.
Is Open Cosmos publicly listed?No, Open Cosmos is a private, VC-backed company.
What is Open Cosmos' valuation?Open Cosmos was last valued at $1B in its Series C in September 2026.
How much funding has Open Cosmos raised?Open Cosmos has raised $404M across 3 funding rounds.
What was Open Cosmos' last funding round?Open Cosmos' last funding round was a $348M Series C in September 2026, led by ETF Partners and Lightrock.
Who are Open Cosmos' investors?Open Cosmos' investors include Claret Capital Partners, ETF Partners, Entrepreneurs First, Taavet Hinrikus, National Security Strategic Investment Fund, Accenture Ventures, Santander InnoEnergy Fund, LocalGlobe, Phoenix Court, Business Growth Fund and 7 others.
What is Open Cosmos' revenue?Open Cosmos' latest recorded revenue is $62M (September 2026).
What is Open Cosmos' revenue multiple?Open Cosmos' latest valuation implies a 16.1x revenue multiple ($1B valuation on $62M of revenue).
Which companies are comparable to Open Cosmos?Companies comparable to Open Cosmos include Loft Orbital, BlackSky, Hwa Create, Chengdu CORPRO Technology, Satellogic and Umbra.
How many companies has Open Cosmos acquired?Open Cosmos has acquired 1 company, including Connected.

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