SWISSto12 secures €61 million Series C amid rising demand for sovereign space infrastructure
SWISSto12, a Lausanne-based SpaceTech company, today announced the close of its €61 million ($70 million) Series C as it continues to scale its multi-orbit payload and satellite business to meet growing commercial and sovereign demand.
While the investors of this round were not disclosed, it follows the €73 million raises in January ($84.8 million) from European Space Agency (ESA) Member States to the HummingSat ARTES partnership project, through which ESA supports SWISSto12 in the development and in-orbit validation of HummingSat.
Emile de Rijk, CEO and founder of SWISSto12, says, “Space is increasingly recognised as essential infrastructure for the global economy. In this expanding market, our solutions across payload and satellite lines are creating significant new opportunities for customers. Our products are supporting exciting new customer missions – from direct-to-device connectivity to media broadcasting, intersatellite data relays or sovereign communications infrastructure – many of which span multiple orbits.
“This Series C funding round accelerates our ability to execute on this growing demand across any payload, any platform and any orbit.”
SWISSto12’s follows a series of relevant 2026 financing announcements across Europe’s satellite manufacturing, connectivity, Earth-observation and space-infrastructure market.
EU-Startups has reported selected rounds totalling approximately €586.8 million for ICEYE, Hydrosat, SatVu, UNIVITY, NewOrbit, AIRMO and fellow Swiss SpaceTech company Stellar Alpina; including SWISSto12’s latest round brings the total to about €647.8 million.
Taken together, the announcements show capital being allocated across both large sovereign satellite platforms and earlier-stage technologies supporting connectivity, observation and movement between orbits.
Fredrik Gustavsson, Chief Financial and Strategy Officer of SWISSto12, adds, “The financial picture at SWISSto12 is robust and primed for global growth. $140 million in revenue for 2025, more than $500 million in customer contracts, and a 110% compound annual growth rate since 2022. These are the signals of an agile business, deploying capital efficiently, and operating at scale in a fast-growing industry.
“This Series C accelerates us further to meet strong demand from a space, satellite and telecommunications market that’s evolving and growing at pace.”
Founded in 2011, SWISSto12 describes itself as an enabler of the new space economy, leveraging patented manufacturing and design technologies, such as 3D printing, to manufacture disruptive payloads.
These can reportedly be hosted on any platform, for any mission, in any orbit – either on a third-party satellite or on its proprietary compact, geostationary platform HummingSat.
The company is currently delivering payloads for several low Earth orbit (LEO) constellations and seven HummingSat GEO platforms to global operators.
To date, SWISSto12 has secured seven contracts for its HummingSat geostationary (GEO) small satellite with leading global satellite operators, including SES and Viasat.
The company has also expanded its HummingLink multi-orbit payload and antenna solutions business into LEO constellation customer programmes and diverse missions across Europe and APAC. Over 2,000 HummingLink solutions are now deployed in orbit across active space missions.
Today’s Series C follows a period of sustained commercial growth for the company, with revenues of €121 million ($140 million) for 2025 and total contract values now exceeding €432 million ($500 million), driving positive EBITDA in 2026.
With this new round, the company is scaling its manufacturing and integration capacity to meet accelerating demand from commercial and sovereign government customers. This demand spans HummingLink – advanced, multi-orbit payload solutions – and HummingSat, SWISSto12’s GEO satellite product line.
