EU-Startups

UK-based NewOrbit Space, a company building satellites for very low earth orbit (VLEO), has closed an oversubscribed €16 million Series A round to fund the launch of the world’s first commercial satellite to fly at 200-300 km. 🇬🇧 🛰️

The round was led by Voyager Ventures, with leading angel investors including David Kirk (former Chief Scientist at NVIDIA), Lawrence Leuschner (co-founder and former CEO of TIER Mobility), and the family office Custos participating in the round. The round also received continued backing from Atlantic.vc, Lifeline Ventures, LGF and Illusian.

Anatolii Papulov, CEO and co-founder of NewOrbit, said, “For sixty years, VLEO has been treated as too hostile an environment for commercial satellites — but it is in fact the most valuable empty real estate in space. Today, no one in the industry has a reliable, affordable and fast way to fly payloads in very-low Earth orbit. We built our NEO-1 satellite to do exactly that.”

https://www.eu-startups.com/2026/06/uk-based-neworbit-raises-e16-million-to-build-commercial-satellites-for-very-low-earth-orbit-vleo/

UK-based NewOrbit raises €16 million to build commercial satellites for very low Earth orbit (VLEO) | EU-Startups NewOrbit, a Reading-based SpaceTech company building satellites for very low earth orbit (VLEO), has closed an oversubscribed €16 million ($18.5 million)

Ghent-based Companion.energy has closed a €7.8 million Seed round to deepen the platform’s multi-asset, multi-market optimisation capabilities, and expand commercially across Europe, starting with Germany and Spain. 🇧🇪 ⚡ 🚀

The round was led by Realyze Ventures and Pi Labs, with participation from Asterion Ventures and existing investors.

Jonas Verstraeten, co-founder of Companion.energy, said, “We started Companion because we believed the energy transition would force every large industrial enterprise to manage energy actively, and that they would not be able to do that with spreadsheets and quarterly check-ins. The work of the next decade is to give those teams software that can keep up. This round lets us bring that software to many more enterprises, and help them turn their energy from a competitiveness risk into a competitive advantage.”

Ghent’s Companion.energy raises €7.8 million to help large enterprises manage energy in real time | EU-Startups Companion.energy, a Ghent-based startup helping large industrial and commercial enterprises manage energy in real time, has closed a €7.8 million Seed

Innovafeed, a Paris-based BioTech startup producing sustainable insect-based ingredients for animal and plant nutrition, has secured €51 million in funding, largely from its financial partners. 🇫🇷 🪰🌾

The company has received support from its historical shareholders, notably CREADEV - Grow your future, QIA, Temasek, FFC, ABC Impact, and ADM, as well as its banking partners.

Clément Ray, CEO and cofounder of Innovafeed, said, “Since day one, we have carried a dual ambition: to demonstrate that we can produce high-performing, competitive, and sustainable ingredients for nutrition without relying on the intensive exploitation of marine resources; and that it is possible to build an innovative industrial project in France."

Paris-based Innovafeed secures €51 million to scale sustainable insect-based ingredients for animal and plant nutrition | EU-Startups Innovafeed, a Paris-based BioTech startup producing functional and sustainable insect-based ingredients for animal nutrition, pet food and agriculture,