ReOrbit’s €45 million Series A funding round makes Finnish startup history
Finnish space and defense company ReOrbit raised €45 million in September 2025 in one of Europe’s largest spacetech Series A rounds to date, driven by growing global demand for sovereign satellite communications. The round was organized by Springvest, bringing together institutional investors, venture capital firms, and private investors.
In September 2025, ReOrbit raised €45 million to grow its team, advance product development, and scale manufacturing. The funding round was the largest Series A ever raised by a Finnish startup*, and one of the most significant funding rounds in Europe for a space and defense technology company.
The round brought together a diverse mix of capital: institutional investors, venture capital firms, and private investors and family offices all participated in the same Series A.
“Companies building critical sovereign infrastructure need investment partners who can match their ambition and structure capital at scale. ReOrbit is exactly the kind of company that deserves that kind of backing,” says Springvest CEO Aki Soudunsaari.
ReOrbit is a space and defense technology company that designs and manufactures next-generation software-first satellites. The company’s satellites offer governments a cost-effective and flexible solution for secure and sovereign communications at a time when terrestrial connections can be disrupted by, for example, geopolitical changes.
Investment services company Springvest acted as the lead organizer of the investor consortium for the funding round, and arranged the public share issue that was part of the round.
€30,000 per minute in the public share issue
The €8 million public share issue for Finnish private investors and family companies opened on June 16th and was filled in just 4.5 hours, faster than any share issue previously arranged by Springvest. Investments came in at an average rate of nearly €30,000 per minute.
The private placement was directed at professional and institutional investors. It attracted a sum that is, even without the public share issue, exceptionally significant for a Series A round: a total of €37 million. Investors included pension companies Varma and Elo, Icebreaker.vc, Expansion VC, 10x Founders, and Inventure VC.
ReOrbit’s CEO Sethu Saveda Suvanam says maintaining Nordic and European ownership was a deliberate strategic decision from the start, rooted in the company’s core value proposition.
The company currently has an active sales pipeline exceeding €1 billion across sovereign communications projects in multiple markets.
Suvanam says Finland’s perceived neutrality makes it easy for countries to work with ReOrbit in the current geopolitical environment.
“For us, sovereignty means the whole data chain stays within the country,“ he says.
A new model for European deep tech investment
Leading an international investor consortium of this scale was a new direction for Springvest, which has arranged over 100 share issues for growth companies. The ReOrbit round required building a structure that could combine institutional capital, venture capital, and broad private investor access at European scale.
“Growth-stage deep tech companies often face a structural gap: willing investors exist, but no one steps up to lead and consolidate the round. We saw that gap with ReOrbit and stepped in to fill it,” Aki Soudunsaari says.
“We wanted to demonstrate that a round of this ambition could be structured and executed without turning outside Europe for capital. Europe has the investors. They just need to be brought together in the right way,” he continues.
ReOrbit’s Sethu Saveda Suvanam sees the round as a broader signal for the European deep tech ecosystem, that ambitious companies can find the capital they need without looking outside Europe.
“Finnish startups have had this challenge that at a certain point, you had to look outwards rather than inwards, even though there is a lot of capital also in Finland. Someone had to put their hand up and lead rounds of this scale. I think this is a very good signal, not just to Finland but to the world.“
Read more in the media:
- TechCrunch, 9.9.2025: ReOrbit lands record funding to take on Musk’s Starlink from Europe
- Sifted, 9.9.2025: ReOrbit secures Europe’s largest spacetech Series A as defence demand surges
*The only company to have completed a larger Series A round in Finland is HMD Global, with its €84 million round in March 2018. However, HMD Global’s revenue was €1.8 billion in 2017, making it incomparable to startup companies.
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Yritys: ReOrbit