UK startup NewOrbit raises $18.5M Series A to commercialise very low Earth orbit
Summary
UK startup NewOrbit has raised an oversubscribed $18.5 million Series A funding round, led by Voyager Ventures, to commercialise very low Earth orbit (VLEO) at 200–300 km altitude. The company aims to overcome challenges of VLEO such as atmospheric drag, atomic oxygen corrosion, and aerodynamic torques with its NEO-1 satellite using in-house propulsion technology. The round included participation from multiple VC firms and angel investors.
Source
bskyUK startup NewOrbit raises $18.5M Series A to commercialise very low Earth orbitbriefly.coKey quotes
· 3 pulledNewOrbit, a UK startup, raised an oversubscribed $18.5 million Series A to fly commercial payloads in very low Earth orbit at 200–300 km.
The round was led by Voyager Ventures, which manages $475 million across three funds.
VLEO has remained unused commercially due to atmospheric drag, atomic oxygen corrosion affecting optical sensors, thermal coatings, and solar cells, and aerodynamic torques that destabilize orientation.
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