Landshut\/Berlin\/Munich \u2014 Just in time for the company\u2019s second anni\u00adver\u00adsary, Reflex Aero\u00adspace is acce\u00adle\u00adra\u00adting its course towards the first commer\u00adcial space mission: The Berlin and Munich-based space start-up has booked a perma\u00adnent rocket launch site for its demo satel\u00adlite. The launch will take place in the fall of 2024 on a Falcon 9 rocket from SpaceX. The goal of the mission is to vali\u00addate new tech\u00adno\u00adlo\u00adgies in space for the first time. The demo satel\u00adlite, which weighs appro\u00adxi\u00adm\u00adately 120 kilo\u00adgrams, is curr\u00adently under deve\u00adlo\u00adp\u00adment and will be assem\u00adbled in Munich. The \u2018micro factory\u2019 there for the produc\u00adtion of custo\u00admer-speci\u00adfic satel\u00adli\u00adtes will open later this year.<\/p>\n
These steps are supported by an expan\u00adsion of the so-called seed finan\u00adcing by a further 1.75 million euros<\/strong> (to a total of almost 9 million euros). In addi\u00adtion to increa\u00adses from exis\u00adting inves\u00adtors, Bayern Kapi\u00adtal has joined the group of share\u00adhol\u00adders through its EFRE Bayern inno\u00adva\u00adtion fund<\/strong>. As one of the most expe\u00adri\u00aden\u00adced and active venture and growth inves\u00adtors in the German high-tech finan\u00adcing land\u00adscape, Bayern Kapi\u00adtal will use the invest\u00adment to finance, among other things, the estab\u00adlish\u00adment of the first Micro Factory near Munich. Driven by expec\u00adted commer\u00adcial order intake, seed funding is expec\u00adted to increase further during the year. In addi\u00adtion, the Star\u00adburst Acce\u00adle\u00adra\u00adtor \u2014 one of the most renow\u00adned Euro\u00adpean acce\u00adle\u00adra\u00adtors for aero\u00adspace start-ups \u2014 will be on board in the future to support the deve\u00adlo\u00adp\u00adment of the inter\u00adna\u00adtio\u00adnal busi\u00adness as Reflex Aero\u00adspace\u2019s part\u00adner, espe\u00adci\u00adally in the USA as well as in France.<\/p>\n Walter Ball\u00adhei\u00admer, CEO of Reflex Aero\u00adspace<\/strong>, welco\u00admes the current deve\u00adlo\u00adp\u00adment: \u201cAs a new space start-up, we are natu\u00adrally eager to demons\u00adtrate the perfor\u00admance of our tech\u00adno\u00adlo\u00adgies directly in space. We are ther\u00ade\u00adfore very plea\u00adsed that this mile\u00adstone is within reach with our first perma\u00adnent rocket launch site. The increase in our finan\u00adcing confirms the confi\u00addence of our inves\u00adtors in this goal. With this tail\u00adwind, we are driving forward the cons\u00adtruc\u00adtion of our first Micro Factory, which we will open in Munich in the second half of 2023. In addi\u00adtion, we are fully on track to nearly double our work\u00adforce across all sites to around 50 employees in 2023.\u201d<\/p>\n Monika Steger, Mana\u00adging Direc\u00adtor of Bayern Kapi\u00adtal, adds: \u201cWe are very plea\u00adsed to have Reflex Aero\u00adspace as another port\u00adfo\u00adlio company in the aero\u00adspace sector \u2014 in the field of \u201cNew Space\u201d we are among the inves\u00adtors from the very begin\u00adning and have alre\u00adady inves\u00adted in nume\u00adrous exci\u00adting compa\u00adnies such as Isar Aero\u00adspace, Quan\u00adtum Systems and Orora\u00adTech. Reflex Aero\u00adspace has a promi\u00adsing busi\u00adness model, and we are happy to support its further development.\u201d<\/p>\n About Reflex Aerospace<\/strong><\/p>\n Reflex Aero\u00adspace was foun\u00added in 2021. The Berlin and Munich-based NewSpace start-up aims to moder\u00adnize the market with high-perfor\u00admance satel\u00adli\u00adtes tail\u00ado\u00adred to indi\u00advi\u00addual requi\u00adre\u00adments. Through soft\u00adware-based and secu\u00adrity-opti\u00admi\u00adzed product archi\u00adtec\u00adtures as well as custo\u00admer-orien\u00adted service offe\u00adrings, the company meets the needs of its custo\u00admers signi\u00adfi\u00adcantly faster, chea\u00adper and more flexi\u00adbly than estab\u00adlished and other NewSpace manu\u00adfac\u00adtu\u00adr\u00aders. Toge\u00adther<\/strong> with its part\u00adner compa\u00adnies Myna\u00adric, Isar Aero\u00adspace and SES, Reflex Aero\u00adspace is also a share\u00adhol\u00adder in the UNIO joint venture, which aims to estab\u00adlish a Euro\u00adpean satel\u00adlite constel\u00adla\u00adtion for broad\u00adband Inter\u00adnet<\/strong>. www.reflexaerospace.com<\/p>\n About Bayern Kapital Bayern Kapi\u00adtal mana\u00adges specia\u00adli\u00adzed invest\u00adment funds with a volume of around 700 million euros. Since its foun\u00adda\u00adtion in 1995 on the initia\u00adtive of the state govern\u00adment, the wholly owned subsi\u00addiary of LfA F\u00f6rder\u00adbank Bayern has so far inves\u00adted around 400 million euros of its own equity capi\u00adtal in around 300 start-ups and scale-ups in sectors such as life scien\u00adces, soft\u00adware & IT, mate\u00adri\u00adals & new mate\u00adri\u00adals, nano\u00adtech\u00adno\u00adlogy and envi\u00adron\u00admen\u00adtal tech\u00adno\u00adlogy. As a result, more than 8,000 jobs have been perma\u00adnently crea\u00adted in Bava\u00adria in sustainable compa\u00adnies. The active port\u00adfo\u00adlio curr\u00adently compri\u00adses over 80 companies.<\/p>\n Examp\u00adles of nume\u00adrous ground\u00adbrea\u00adking success stories that Bayern Kapi\u00adtal has been invol\u00adved in at an early stage include EOS (today the worl\u00add\u2019s leading tech\u00adno\u00adlogy provi\u00adder in indus\u00adtrial 3D prin\u00adting of metals and plas\u00adtics), Proglove, Fazua, SimS\u00adcale, Scom\u00adpler, egym, Parcel\u00adlab, Cobrai\u00adner, Quan\u00adtum Systems, Casavi, Riskme\u00adthods, Tubu\u00adlis, Cata\u00adlym, Immu\u00adnic, Sirion, tado and many more. <\/p>\n","protected":false},"excerpt":{"rendered":" Landshut\/Berlin\/Munich \u2014 Just in time for the company\u2019s second anni\u00adver\u00adsary, Reflex Aero\u00adspace is acce\u00adle\u00adra\u00adting its course towards the first commer\u00adcial space mission: The Berlin and Munich-based space start-up has booked a perma\u00adnent rocket launch site for its demo satel\u00adlite. The launch will take place in the fall of 2024 on a Falcon 9 rocket from [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":48621,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1366,1369,1371,1373],"tags":[],"class_list":["post-48623","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-news-en","category-investors","category-deals-en","category-venture-capital-en"],"yoast_head":"\n
\n<\/strong>
\nBayern Kapi\u00adtal GmbH, based in Lands\u00adhut, is the venture\/growth capi\u00adtal company of the Free State of Bava\u00adria. It accom\u00adpa\u00adnies inno\u00adva\u00adtive high-tech compa\u00adnies in the Free State through various growth phases, from seed to later stage, with equity capi\u00adtal in the amount of 0.25 to 25 million euros. Bayern Kapi\u00adtal often fills gaps in the VC sector in proven consor\u00adtium constel\u00adla\u00adti\u00adons with private inves\u00adtors (busi\u00adness angels, family offices and corpo\u00adrate ventures).<\/p>\n
\nwww.bayernkapital.de<\/p>\n