OhmSpace, an Italian aerospace startup, has successfully raised €2.5 million in a Seed investment round led by Galaxia and other key investors, aimed at advancing its high-performance resistojet propulsion systems for satellites.

Target Company Overview

OhmSpace is an Italian aerospace startup specializing in the development of high-performance resistojet propulsion systems designed for various satellite classes, from low Earth orbit (LEO) constellations to geostationary platforms. The company has successfully secured a €2.5 million Seed investment round, primarily led by Galaxia S.r.l. (€950,000), which is part of the National Technological Transfer Hub for Aerospace initiated by CDP Venture Capital. Other contributors include Obloo Ventures, Takeoff S.r.l. (€800,000), and Scientifica Venture Capital (€150,000), the latter being a previous pre-seed investor in the company.

This investment round also welcomed Deep Ocean Capital SGR S.p.A. as a strategic investor, contributing €600,000 through its Deep Blue Ventures and Deep Blue Ventures Space funds. This infusion of capital facilitates the conversion of previously issued SAFE instruments into equity, reinforcing OhmSpace's financial foundation for accelerated growth and technological development.

Industry Overview in Italy

The Italian aerospace industry is experiencing robust growth and transformation, driven by increased demand for satellite services across various sectors, including telecommunications, Earth observation, and