Dcubed, a German-based NewSpace supplier, has recently concluded an oversubscribed Series A funding round, signaling strong investor confidence and a commitment to expand its role in the burgeoning global space sector.
The round, which attracted eight international investors from both Europe and the U.S., exceeded expectations by 26%, underpinning the company’s growing influence in the NewSpace market.
The capital influx will facilitate a significant scale-up in Dcubed’s production capabilities, specifically quadrupling the output of satellite actuators.
This expansion is crucial as the company aims to solidify its market position, particularly in in-space manufacturing—a sector poised to revolutionize future space applications through enabling technologies.
Moreover, Dcubed is set to enhance its operational footprint by establishing a new office in Westminster, Colorado, strategically positioning itself in one of the most dynamic NewSpace hubs globally.
This move is expected to leverage the local ecosystem’s extensive network of space companies and research institutions, optimizing Dcubed’s reach and operational efficiency.
The U.S. office will be led by Andria Fortier, a seasoned professional in the aerospace and defense sectors, whose expertise will be pivotal in nurturing strategic partnerships and expanding Dcubed’s customer base in the region.
With more than half of its clients already based in the U.S., Dcubed’s new establishment is poised to play a crucial role in its global strategy, aiming to significantly grow its team and enhance its market presence by 2025.
PEVCJournal.com