As part of this fundraising round, J&A (Thomas Saltiel, Charlotte Viandaz) acted as advisers to Bpifrance (Bpifrance Innovation – Venture Fund and Ambition Amorçage Angels Fund).
As part of the industrialisation of its engines for mini-satellites, Exotrail raised nearly 54 million euros on Tuesday 8 February 2023.
Having secured a series of contracts for its electric engines and space bus, the ‘NewSpace’ start-up has announced that it has raised €54 million, with the aim of becoming a global player in in-orbit services. The Toulouse-based start-up plans to double its workforce by 2023, whilst beginning the industrialisation of its products.
At the same time, the company is also developing a software offering to set itself apart from the competition. In other words, Exotrail has miniaturised Hall-effect technology (a technology highly prized for satellites in geostationary orbit), achieving thrust 5 to 6 times greater than that of other electric propulsion technologies, in order to implement it on small satellites in low Earth orbit.
Investors in this round include Bpifrance, SPI (the Société de projets industriels fund), the Ministry of the Armed Forces’ Defence Innovation Fund, as well as private investors such as Eurazeo and the software engineering firm Celad.
In addition to these, there are long-standing investors already familiar with Exotrail (360 Capital, Karista, Innovacom, iXO Private Equity, BNP Paribas, etc.). This round brings the total funding raised by Exotrail since its launch in 2017 to over 70 million euros.
As part of this fundraising round, J&A (Thomas Saltiel, Charlotte Viandaz) acted as advisers to Bpifrance (Bpifrance Innovation – Venture Fund and Ambition Amorçage Angels Fund).
