Astrolight Raises €2.8M in Seed Funding

Astrolight Raises €2.8M in Seed Funding

Astrolight, a Vilnius, Lithuania-based space communications company, raised €2.8M in seed funding. The round was led by Balnord. Other investors included EIFO, Coinvest Capital, and existing investors 3NGLS and Rita Sakus. The company intends to use the funds to accelerate the development of its laser-based end-to-end communication platform that securely connects satellites to Earth. Led by CEO […] The post Astrolight Raises €2.8M in Seed Fundin…

Astrolight Raises €2.8M For Laser Comms Tech

Lithuanian space startup Astrolight closed a €2.8M ($3.2M) seed round to build a laser comms network to link Earth and orbit. Balnord led the round, which was announced on Thursday. It also included participation from the Export and Investment Fund of Denmark, Coinvest Capital, 3NGLS, and Rita Sakus.  “Their high-speed, jam-resistant solutions are not only critical for the growing satellite market, but also represent the kind of frontier innovat…

Polish VC fund Balnord from Gdańsk led an investment round in which Lithuanian start-up Astrolight, a pioneer of laser space communication technology, obtained EUR 2.8 million. "Our ambition is to build a global network of optical receiving stations, the possibility of using which we would offer as a service," Laurynas Mačiulis, CEO and co-founder of Astrolight, recently told Forbes.