Dcubed secures over-subscribed Series A round investment – to scale production, pioneer in-space manufacturing, and extend U.S. footprint

Munich, Germany, Westminster, Colorado, August 5, 2024 – Dcubed, a German NewSpace supplier, has successfully completed a Series A funding round, which was oversubscribed by 26%. This demonstrates significant market trust and investor confidence. The round attracted eight prominent investors from France, Sweden, Germany, and the U.S., including Expansion and BayBG as lead investors, alongside HTGF, Aurelia Foundry, Ventis, Rymdkapital, and Decisive Point Europe.

The funds will be strategically utilized to quadruple the production of satellite actuators by the end of 2024, addressing the anticipated demand from over 100,000 satellite launches in the coming years. Additionally, Dcubed aims to pioneer in-space manufacturing technologies, which are crucial for the development of high-power satellites, space solar power, lunar bases, and the acceleration of space exploration.

Andria Fortier & Thomas Sinn | Photo: Dcubed

To support these ambitious plans, Dcubed is also expanding its footprint in the United States, the largest NewSpace market, by opening an office in Westminster, Colorado. This new office will be led by Andria Fortier as Managing Director, who will oversee U.S. operations and foster strategic relationships with American customers and partners.

Despite a tight global finance environment, investors notably oversubscribed our Series A round. This funding round proves high market trust in our capabilities. Together with our global investors, we now have a solid foundation to boost future growth in the booming space market. With the fresh funding, we will quadruple the production of our current product. At the same time, we are chasing ‘the next big thing’ in space by taking a trailblazing role in the field of in-space manufacturing. By opening our U.S. office, we tap into the world’s most vibrant space ecosystem to further expand our global footprint and develop space innovations for the years to come.

Thomas Sinn, CEO of Dcubed

Deep tech and NewSpace start-ups have to show that they can make money while pursuing a big vision. Dcubed has done this impressively in recent years. As lead investor in the seed round, I am very pleased about the completion of the Series A and see my investment thesis confirmed.

Christian Ziach, Principal at HTGF

Dcubed further plans to demonstrate a world-first by 3D-printing a high-performance satellite solar array in free space in 2025, an initiative supported by a €9.5 million contribution from the European Innovation Council of the European Commission.

About Dcubed
Dcubed, a NewSpace company based in Munich, Germany, makes space missions accessible by developing durable and affordable release actuators, solar arrays and deployables. Using patented shape-memory technology and proprietary origami structures, Dcubed´s products are superior in terms of cost, mass and volume, while exhibiting increased reliability, durability and reusability. Serving a global customer base in over 20 countries across 4 continents, Dcubed offers immediate product availability due to its European supply chain and is ready to also help you realize cheaper and more frequent space missions. Doing truly big things in space, Dcubed is at the forefront of in space manufacturing, by developing technologies to manufacture large structures directly in space.

Press Contact
Lauro Gabriel Hining
B2P Communications Consulting
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About High-Tech Gründerfonds  
The seed investor High-Tech Gründerfonds (HTGF) finances tech start-ups with growth potential and has supported more than 750 start-ups since 2005. In its four seed funds, HTGF has about 1.4 billion euros under management. Its team of experienced investment managers and start-up experts support young companies with expertise, entrepreneurial spirit and passion. HTGF’s focus is on high-tech start-ups in the fields of digital tech, industrial tech, life sciences, chemistry and related business areas. To date, external investors have injected about 6 billion euros of capital into the HTGF portfolio via more than 2,000 follow-on financing rounds. In addition, HTGF has already successfully sold shares in more than 180 companies.
Fund investors in this public-private partnership include the German Federal Ministry for Economic Affairs and Climate Action, KfW Capital and 45 companies from a wide range of industries.

Media contact 
High-Tech Gründerfonds Management GmbH 
Tobias Jacob, Senior Marketing & Communications Manager  
T.: +49 228 – 82300 – 121
t.jacob@htgf.de