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- SWISSto12
SWISSto12 Revenue, Valuation, Funding & Investors
SWISSto12 is valued at $583M as of July 2026, a 4.2x multiple on its last reported $140M revenue.
Last SWISSto12 valuation
$583M
Series C · Jul 2026
Last SWISSto12 funding round
$69M
Series C · Jul 2026
SWISSto12 revenue
$140M
Series C · Jul 2026
Key investors in SWISSto12
Swisscom Ventures
UBS
Swisscanto Private Equity
CNB Capital
SWISSto12 Overview
About SWISSto12
SWISSto12 is a Lausanne-headquartered manufacturer of 3D-printed millimeter-wave components like waveguides and antennas. Spun off from EPFL in 2017, it produces lightweight aluminum structures for satellite communications, 5G base stations, and radar systems. SWISSto12 supplies Thales and Airbus with additive-manufactured parts reducing weight by 40 percent compared to traditional machining.
Founded
2011
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Revenue
$140M (Jul 2026)
Valuation
$583M (Jul 2026)
SWISSto12 Valuation
SWISSto12 is currently valued at $583M, based on its Series C in July 2026.
SWISSto12 valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jul 2026 | Series C | $583M | 4.2x |
SWISSto12 Revenue
SWISSto12's latest recorded revenue is $140M, as of its Series C in July 2026. At a $583M valuation, that implies a 4.2x revenue multiple.
SWISSto12 revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jul 2026 | $140M | $583M | 4.2x | Series 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.
SWISSto12 Funding History
SWISSto12 has raised a total of $116M across 3 funding rounds.
SWISSto12's first fundraising round was a $19M Series B in August 2019. The most recent completed round was a $69M Series C in July 2026.
SWISSto12 funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2026 | Series C | - | $69M | $583M | SWISSto12 closed a $70 million Series C funding round announced on July 16, 2026, to scale its manufacturing and integration capacity for small geostationary (microGEO) satellites and multi-orbit payloads. The capital will accelerate production of its washing machine-sized HummingSat satellite designed for GEO orbit and support expansion of its multi-orbit satellite business amid growing demand from major operators like SES and Viasat. The company reported $140 million in revenue for 2025, with a total contract backlog exceeding $500 million that is projected to drive positive EBITDA in 2026. SWISSto12, an EPFL spin-off based in Lausanne/Renens, Switzerland, has raised over $200 million to date including a $73 million ESA ARTES partnership grant for HummingSat development in January 2026, with investors including Swisscom Ventures, UBS, Zürcher Kantonal Bank, Venture Kick, and the European Space Agency. The post-money valuation is $583 million. |
| Sep 2023 | Undisclosed stage | UBS (lead) | $28M | - | SWISSto12 secured a CHF 25 million (€26.15 million) working capital financing facility from UBS on approximately September 13, 2023, insured by Swiss Export Risk Insurance (SERV), specifically to support its HummingSat satellite business. The funding enabled scaling production and delivery amid surging demand in the geostationary communications market for broadband, broadcast, and safety services. SWISSto12, spun off from EPFL in 2011, designs and manufactures RF components and antennas using 3D metal printing for space, telecom, and defense applications, with HummingSat as its flagship fully owned and operated geostationary satellite platform. The company has expanded commercially in Europe and the USA, positioning as one of Europe's fastest-growing aerospace firms, backed by prominent Swiss and European investors including prior rounds like Series B in 2019 and grants from the European Space Agency. Subsequent developments include incubator/accelerator participation in 2024, reflecting ongoing growth initiatives. UBS Fund Management's involvement aligns with its focus on capital-efficient businesses with strong market positions. |
| Aug 2019 | Series B | Swisscanto Private Equity (lead); Swisscom Ventures (lead); CNB Capital | $19M | - | SWISSto12, a spin-off from the Swiss Federal Institute of Technology in Lausanne (EPFL) founded in 2011, specializes in 3D-printed radio frequency (RF) telecommunications components and payloads for satellite, aerospace, surveillance, and SmallSat markets. The company provides high-performing, lightweight antenna products and advanced communication systems to prominent customers including Thales, Airbus Defense & Space, Elbit, IAI ELTA, Maxar, Cobham, and the European Space Agency. On August 29, 2019, SWISSto12 closed a CHF 18.1 million (USD 18.5 million) Series B financing round led by Swisscanto Invest by Zürcher Kantonalbank and Swisscom Ventures, with participation from returning investor Constantia New Business (CNB Capital). The funds were allocated to accelerate industrialization and commercial deployment of antenna products for communication satellites, develop new payloads for the SmallSat market, expand offices in the U.S. and Israel, and explore terrestrial applications like 5G. SWISSto12 is positioned as a market leader in additive manufacturing for space-ready RF products, enabling affordable and flexible satellite services. Investors highlighted the company's innovative technology, growth potential, and fit for portfolios focused on Swiss expansion-stage companies. Subsequent developments include additional funding, such as a CHF 25 million raise and over €50 million total VC by later dates, plus €30 million ESA support for the HummingSat geostationary SmallSat platform, and a recent €100 million+ round for manufacturing expansion. The company is considering an IPO as early as 2027 potentially valuing it over CHF 1 billion. |
Who has invested in SWISSto12?
4 investors have backed SWISSto12 across its funding rounds, including Swisscom Ventures, UBS, Swisscanto Private Equity and CNB Capital.
Lead investors include UBS, Swisscanto Private Equity and Swisscom Ventures.
SWISSto12 Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Lead | Aug 2019 | ||
| 1 | Lead | Sep 2023 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialSWISSto12 Competitors
SWISSto12 competitors include listed companies like ispace, 3D Systems and Stratasys, and private ones like Relativity Space, Agile Space Industries and Triastek.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $21M | ($40M) | $391M | 19.6x | ||
| Private | - | - | $4.2B | - | ||
| Private | $28M | - | $8B | 285.7x | ||
| Publicly listed | $387M | $72M | $588M | 1.5x | ||
| Publicly listed | $551M | ($29M) | $700M | 0.9x | ||
| Private | $23M | - | $464M | 20.2x |
SWISSto12 Public Comps
SWISSto12 is still privately-owned, but its public comps include 3D Systems, Stratasys, Materialise, ispace, Velo3D, Nano Dimension, Infinitt Healthcare, Norsk Titanium, Titomic and Xaar.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $387M | $72M | 1.6x | 1.5x | 8.3x | (41.6x) | |||
| $551M | ($29M) | 0.9x | 0.9x | (17.5x) | 19.6x | |||
| $308M | $32M | 1.2x | 1.1x | 11.2x | 8.7x | |||
| $21M | ($40M) | 19.6x | 19.6x | (10.4x) | (5.3x) | |||
| $46M | ($64M) | 6.2x | 4.4x | (4.5x) | (11.8x) | |||
| $102M | ($122M) | - | - | - | - | |||
| $75M | $27M | 1.1x | - | 3.2x | - | |||
| $3M | ($54M) | 43.8x | 22.9x | (2.8x) | (5.9x) | |||
This data is available for Pro users. Sign up to see all SWISSto12 competitors and their valuation data. Start Free Trial | ||||||||
Common questions about SWISSto12
| When was SWISSto12 founded? | SWISSto12 was founded in 2011. |
| Where is SWISSto12 headquartered? | SWISSto12 is headquartered in Lausanne, Switzerland. |
| Is SWISSto12 publicly listed? | No, SWISSto12 is a private, VC-backed company. |
| What is SWISSto12's valuation? | SWISSto12 was last valued at $583M in its Series C in July 2026. |
| How much funding has SWISSto12 raised? | SWISSto12 has raised $116M across 3 funding rounds. |
| What was SWISSto12's last funding round? | SWISSto12's last funding round was a $69M Series C in July 2026. |
| Who are SWISSto12's investors? | SWISSto12's investors include Swisscom Ventures, UBS, Swisscanto Private Equity and CNB Capital. |
| What is SWISSto12's revenue? | SWISSto12's latest recorded revenue is $140M (July 2026). |
| What is SWISSto12's revenue multiple? | SWISSto12's latest valuation implies a 4.2x revenue multiple ($583M valuation on $140M of revenue). |
| Which companies are comparable to SWISSto12? | Companies comparable to SWISSto12 include ispace, Relativity Space, Agile Space Industries, 3D Systems, Stratasys and Triastek. |
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