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Aldoria raises €10 million for its space surveillance solution

News /29 January 2024

Aldoria raises €10 million for its space surveillance solution

Deeptech company Aldoria, formerly known as Share My Space, has closed a round of financing of almost €10 million from Bpifrance, Starquest, Audacia, EIC, Space Founders France and Wind Capital. Joffe & Associés (Thomas Saltiel and Camille Malbezin) advised Starquest on this transaction.

Read the CFNews article here.

 

Deeptech company Aldoria, formerly known as Share My Space, has closed a round of financing of almost €10 million from Bpifrance, Starquest, Audacia, EIC, Space Founders France and Wind Capital. Joffe & Associés (Thomas Saltiel and Camille Malbezin) advised Starquest on this transaction.

 

Led by Starquest and its €5 million contribution, this fund-raising reflects the desire of Toulouse-based Aldoria, which, as part of the development of its space surveillance solutions, intends to double its network of optical stations by 2025, and to expand its catalogue of real-time tracking of space objects in orbit. It also highlights its achievements, including its international expansion. Thanks to contracts and strategic partnerships with major players in the space sector such as CNES and ESA, commercial satellite operators such as Airbus Defence & Space, and key partners such as Astroscale and Isar Aerospace, the company is currently present in nearly 17 countries.

 

“We have been working for half a decade to have Earth orbits recognised as part of our environment. More and more people in the space community and beyond have become aware of the problem of space debris. We are very pleased to see that the protection of the orbital environment is now supported by green finance, and we are therefore particularly proud of our partnership with Starquest Capital through their Protect Article 9 fund, with the support of our existing shareholder Expansion Ventures, as well as several public investors,” said Romain Lucken, Director of ALDORIA.

 

According to BPI France, by 2030 the number of active satellites in low earth orbit is expected to reach 40,000, compared with the current figure of almost 9,000. The implications of this growth are already significant. In 2023, ALDORIA’s orbital information system produced 230,000 independent measurements for 5,000 objects, with 30 million matches between space objects also forecast. Faced with growing insecurity resulting from the lack of regulation of space traffic, ALDORIA is regaining control by informing operators of threats in real time.

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