Refactory invests in 1000 Satellites GmbH, a flexible office solutions provider, to support its growth and expansion into new metropolitan areas in Germany.
Target Company Overview
Refactory has participated in a financing round alongside several active business angels to invest in 1000 Satellites GmbH, a company based in the Rhine-Neckar Metropolitan Region. Established in February 2025, 1000 Satellites specializes in providing innovative flexible office solutions for businesses and their employees, strategically located near residential areas.
Founded in 2019 as a venture of Chemovator GmbH (BASF SE) and spun off in December 2021, 1000 Satellites has emerged as a next-generation Office-as-a-Service provider. The company operates a network of satellite-based office locations that offer flexible usage, facilitating short commutes for employees. This initiative contributes significantly to CO₂ reduction and creates attractive, modern workplaces outside traditional city center offices.
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Industry Overview in Germany
Germany's flexible office market has been gaining traction in recent years, buoyed by a shift in work culture towards hybrid and remote working arrangements. The COVID-19 pandemic accelerated this trend
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refactory GmbH
invested in
1000 Satellites GmbH
in 2025
in a Other VC deal