Spire Global has opened a new headquarters in Luxembourg and secured $70 million in Series C financing from the Luxembourg Future Fund to enhance its global data analytics capabilities.
Target Information
Spire Global is a leading company in the space data analytics sector, dedicated to providing global customers with innovative solutions in logistics, weather forecasting, and Internet of Things (IoT) applications. The company has recently announced its expansion into Europe by opening a new headquarters in Luxembourg, which aims to enhance its operational capabilities and access to a broader talent pool.
As part of this expansion, Spire has successfully secured an additional $70 million in Series C financing, attracting investment from the Luxembourg Future Fund (LFF). This funding will enable Spire to scale its data analytics business in a rapidly evolving market.
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Industry Overview in Luxembourg
Luxembourg has established itself as a notable hub for space innovation, characterized by a supportive regulatory environment and a commitment to developing the New Space industry.
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Luxembourg Future Fund
invested in
Spire Global
in 2017
in a Other deal
Disclosed details
Transaction Size: $70M