CEECAT Capital has made a follow-on investment of €43 million in Bulgarian satellite provider EnduroSat, reinforcing its commitment to support the company's next phase of growth in the space services industry.

Information on the Target

EnduroSat, founded in 2015 by Raycho Raychev, is a leading European provider of high-end satellites and space services based in Sofia, Bulgaria. The company specializes in engineering, building, and operating satellites, and has developed a robust trajectory in the space industry, catering to a diverse client base that includes over 350 organizations involved in Earth observation, communications, and research.

With a team exceeding 220 space professionals across multiple global offices in cities such as Berlin, Toulouse, Luxembourg, Naples, and Denver, EnduroSat has positioned itself as a full-stack space company. Their mission is to streamline space operations in Low Earth Orbit (LEO) and beyond, covering all critical stages from mission design to launch and operational support.

Industry Overview in Bulgaria

The space industry in Bulgaria has witnessed significant growth, propelled by both regional and global investments aimed at technological advancement and innovation. The