Latitude has secured €27 million in funding to further develop its Zephyr rocket, anticipating its first launch in 2025, supported by key investors including Crédit Mutuel Innovation and Bpifrance.

Target Information

Latitude is a pioneering French aerospace company recognized for the design of the Zephyr rocket, whose first launch is anticipated in 2025. Recently, Latitude secured €27 million in funding contributed by its existing investors, including Crédit Mutuel Innovation, Expansion, and Bpifrance via the Deep Tech 2030 fund managed on behalf of the French government, alongside new participant Blast.club. Additionally, Kima Ventures and individual investors have joined this funding round.

Stanislas Maximin, the CEO and co-founder of Latitude, expressed gratitude for the ongoing support from the shareholders, emphasizing that such backing acknowledges a year and a half of dedicated work and critical results toward becoming a market leader by the end of the decade. The year 2024 is viewed as pivotal as the company prepares for Zephyr's first flight and begins servicing its initial customers.

Industry Overview in France

The aerospace industry in France is a key player in the global market, showcasing advanced technological prowess and a strong commitment to research and development. As one of the leading countries in space technology, France benefits fro