MIG Capital has led a 50 million euro funding round for Look Up, a European space technology company, to support its expansion in space security and surveillance amidst growing demands for effective space traffic management.

Information on the Target

MIG Capital has invested through its MIG funds in a European investor consortium that is providing additional financial support to its portfolio company, Look Up. Look Up, previously known as Look Up Space, is a European company headquartered in Toulouse that specializes in space security and the protection of space infrastructure. The company aims to enhance its radar network for space surveillance, expand its space traffic management services, and accelerate its international expansion.

The recent funding round totals 50 million euros, making it one of the largest Series A financing rounds in the European space technology sector. It comprises equity, bank loans, and non-dilutive public funds from the European Union, which will support the swift global deployment of Look Up's radar systems.

Industry Overview in France

The space technology industry in France has gained significant momentum over the past few years, driven by increasing demand for satellite services and the necessity for effective space traffic management due to the growing