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€20 million B funding round propels Leaf Space towards goal of seamless satellite connectivity

By GeoConnexion - 11th September 2023 - 19:21

Leaf Space, a global provider of ground segment services for satellite operators, announced that it has completed a capital increase for a total of €20 million ($22 million) on top of the availability by the European Investment Bank of a loan for a further €15 million through Venture Debt. Launched in 2014, the Italian-headquartered company based in Lomazzo (Como) currently supports around 80 satellites and achieved for the first time this March more than 10,000 successful satellite passes during a single month. Since 2020, it has seen a three-fold year-over-year increase in core business revenue and significant growth in capacity demand.

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