EnduroSat announced on Thursday that it has raised $104 million in a fresh funding round from investors including Google Ventures, Lux Capital, and the European Investment Council. The Bulgaria-based satellite manufacturer plans to use the capital to scale up production of its small and midsized satellites.
As global demand for secure communications and Earth observation grows, compact satellite makers like EnduroSat are emerging as cost-effective alternatives to large constellations such as SpaceX’s Starlink and Amazon’s Kuiper.
EnduroSat’s satellites feature a modular, building-block design, allowing for quick assembly and testing—often within hours rather than months—at a fraction of traditional costs. The latest funding round also saw participation from Shrug Capital and Riot Ventures, though the company did not reveal its valuation.
The investment aligns with the opening of EnduroSat’s new 188,340-square-foot Space Center in Bulgaria, capable of producing up to two satellites per day, each weighing between 200 and 500 kilograms.
This marks the company’s second funding round in 2025. Earlier in May, it raised €43 million ($50.15 million) in a round led by Peter Thiel’s Founders Fund.
With over 3,000 modules in orbit, a team of 230 employees across six locations, and 350 global customers (including 100 in the U.S.), EnduroSat continues to strengthen its position in the rapidly evolving space technology landscape.
