Founders Fund led a EUR43m investment in Bulgaria's EnduroSat, a satellite manufacturer, highlighting potential growth in the space industry.

Information on the Target

EnduroSat is a prominent satellite manufacturer based in Bulgaria, specializing in the production of small satellite solutions for various applications, including Earth observation, communications, and scientific research. With a strong focus on innovation, the company has established itself as a key player in the burgeoning space industry in Europe, leveraging advanced technology to provide affordable satellite services.

Founded with a vision to democratize access to space technology, EnduroSat has developed a range of modular satellite platforms designed to meet the diverse needs of its clients. The company's expertise in design, engineering, and manufacturing has enabled it to cater to both governmental and commercial sectors, positioning itself for growth in a rapidly expanding market.

Industry Overview in Bulgaria

The space industry in Bulgaria has seen considerable growth in recent years, becoming a vital component of the country's technological landscape. Supported by the European Union’s initiatives and various national progr