SWISSto12 Secures $70 Million Series C to Scale Multi-Orbit Satellite Production Amid Surging Global Demand
- 17 hours ago
- 3 min read
Swiss satellite manufacturer SWISSto12 has raised $70 million (€61 million) in a Series C funding round, strengthening its position as one of Europe's fastest-growing space technology companies as demand for advanced satellite payloads and multi-orbit communications infrastructure continues to accelerate worldwide.
The investment comes shortly after the company secured $84.8 million (€73 million) in funding from European Space Agency (ESA) Member States through the HummingSat ARTES partnership project, supporting the continued development and in-orbit validation of its innovative HummingSat geostationary satellite platform.
The latest financing reflects several years of rapid commercial expansion. Since 2022, SWISSto12 has achieved a remarkable 110% compound annual growth rate (CAGR), generated $140 million in revenue during 2025, and built a customer backlog exceeding $500 million in contracted business. The company also expects to achieve positive EBITDA in 2026, highlighting its transition from a high-growth startup to a financially sustainable space manufacturer.
Growing Demand Across GEO, LEO, and Multi-Orbit Missions
SWISSto12 has already secured seven commercial contracts for its HummingSat geostationary small satellite platform from major global satellite operators, including SES and Viasat.
At the same time, its HummingLink portfolio of payloads and advanced antenna systems has expanded beyond traditional GEO missions into low Earth orbit (LEO) constellations, supporting a wide range of commercial and institutional programs across Europe and the Asia-Pacific region.
Today, more than 2,000 HummingLink payload and antenna solutions are operating in orbit, serving active missions across multiple orbital regimes.
The newly raised capital will primarily support expanded manufacturing and satellite integration capabilities, enabling the company to deliver increasing volumes of spacecraft and payload systems to both commercial satellite operators and government customers seeking resilient space infrastructure.
Space Infrastructure Becomes a Strategic Priority
As governments and commercial operators increasingly rely on satellite networks for communications, defense, connectivity, and digital services, demand for flexible, multi-orbit spacecraft architectures continues to grow.
SWISSto12's technology portfolio is designed to address this shift by supporting missions ranging from:
Direct-to-device satellite connectivity
Broadcast and media distribution
Inter-satellite data relay networks
Sovereign communications infrastructure
Multi-orbit communications architectures
By offering payload solutions that operate across multiple orbital environments, the company aims to provide satellite operators with greater flexibility and reduce deployment complexity.
Leadership Highlights Strong Financial Momentum
Fredrik Gustavsson, Chief Financial and Strategy Officer at SWISSto12, emphasized that the company's financial performance demonstrates both operational discipline and sustained market demand.
He noted that annual revenue reached $140 million in 2025, contracted business has surpassed $500 million, and the company has maintained a 110% CAGR since 2022, positioning SWISSto12 for continued international expansion. According to Gustavsson, the Series C investment will help accelerate production capacity as global demand for satellite and telecommunications infrastructure continues to rise.
Founder and CEO Emile de Rijk said that space is becoming an increasingly critical component of global infrastructure. He explained that the company's satellite platforms and payload technologies are enabling next-generation missions across communications, broadcasting, direct-to-device services, inter-satellite networking, and sovereign space capabilities. The new funding, he added, will strengthen SWISSto12's ability to deliver solutions across virtually any payload, platform, and orbital environment.
Positioned for the Next Phase of Space Industry Growth
With a rapidly expanding order book, a growing international customer base, and continued investment in manufacturing capacity, SWISSto12 is well positioned to capitalize on one of the fastest-growing segments of the global space economy.
As governments, telecommunications providers, and satellite operators increasingly pursue resilient multi-orbit architectures, companies capable of delivering scalable spacecraft and payload technologies are expected to play an increasingly important role in shaping the next generation of space infrastructure.