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EnduroSat designs, builds, and operates CubeSats and larger nanosatellites from its Sofia, Bulgaria-based Space Center and through a Europe-wide and US footprint. It offers Space-as-a-Service, providing end-to-end satellite capability from design and payload integration to launch and in-orbit operations, enabling customers to deploy space missions without owning the full manufacturing and operations stack. The company differentiates itself with modular, software-flexible satellite platforms and a high-rate ESPA-class production facility; it serves commercial, scientific, and government customers with ready-to-use, configurable satellites and related services, backed by a network of offices across Europe and the United States. EnduroSat’s goal is to expand satellite manufacturing and capability in Europe and the United States, growing access to space for a wide range of customers through scalable, modular satellite platforms and turnkey space services.
Industries
Data & Analytics
Hardware
Enterprise Software
Aerospace
Company Size
201-500
Company Stage
Late Stage VC
Total Funding
$406.1M
Headquarters
Sofia, Bulgaria
Founded
2015
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Total Funding
$406.1M
Above
Industry Average
Funded Over
12 Rounds
Training Programs
EnduroSat becomes Bulgaria's second tech unicorn after Payhawk. EnduroSat's logo atop an office building in Sofia (BTA Photo/Vladimir Shokov) 18.09.2026 20:51 Bulgarian space company EnduroSat has now been valued at more than USD 1 billion, making it the country's second tech unicorn after fintech company Payhawk, The Recursive reported. EnduroSat Marketing Director Boris Dimitrov told the media outlet that the company's valuation had "significantly exceeded USD 1 billion." The exact figure, however, will not be disclosed publicly. The confirmation comes after EnduroSat announced a USD 205 million (some EUR 178 million) funding round. The funds will be used to expand serial satellite production, build a new manufacturing facility in the United States, and develop the company's planned space and defence hub in Bulgaria. Payhawk congratulated the space company's team in a post on LinkedIn. "Huge congrats to the whole EnduroSat team for raising USD 205M and becoming Bulgaria's second unicorn. They're building satellites the way you'd build drones - assembled and tested in hours, not months," the fintech company said. Founded in 2015 by Raycho Raychev, EnduroSat develops standardized satellite platforms and offers the design, manufacturing, launch and operation of entire satellite constellations. According to the company, it has so far launched 103 satellites into orbit and delivered more than 200 spacecraft for missions worldwide. Payhawk became Bulgaria's first unicorn in March 2022. The company raised an additional USD 100 million, bringing the total size of its Series B round to USD 215 million and pushing its valuation above USD 1 billion. Founded in Sofia in 2018 by Hristo Borisov, Boyko Karadzhov and Konstantin Dzhengozov, Payhawk develops a platform for managing corporate expenses. It combines corporate cards, payments, invoice processing and corporate expense management.
EnduroSat, a Bulgarian aerospace company, has secured €20 million led by CEECAT Capital, a Luxembourg-based private equity firm and existing investor. - AIN
Omnes Capital invests in EnduroSat's $205M round to scale next-generation space fleets. For immediate release - September 16, 2026 Round co-led by Riot Ventures and Atreides Management funds a new high-volume manufacturing facility in the United States and the EU's largest space and defense hub, on the way to space data at roughly $1 per gigabyte. EnduroSat, a space company building standardized, software-flexible satellites and a streamlined constellations-as-a-service model, has raised $205 million in a round co-led by Riot Ventures and Atreides Management, with backing from the European Innovation Council, Google Ventures, Founders Fund, House Capital, Lux Capital, Omnes Capital, Giant Ventures, Emphatic Capital & Endeavor Catalyst. Scaling serial production The capital will scale EnduroSat's satellite capabilities - moving to larger spacecraft in its ESPA-class FRAME line while pushing serial standardization further, producing satellites with the repeatability and volume of drones rather than one-off bespoke builds. Central to the raise: opening a new high-volume manufacturing facility in the United States and building the EU's largest space and defense hub. Re-industrialization of the EU and US has been at the core of EnduroSat's efforts. Driving the cost of space data to $1 per gigabyte The round is anchored by the company's ambition - driving the cost of space data down to roughly $1 per gigabyte, from hundreds of dollars per GB today. At that price, entirely new markets open up: small and medium enterprises can afford to build space data into their products and operations, turning space from an exclusive, capital-intensive domain into a profitable layer for virtually any business. Building on extensive flight heritage Already on track to become one of the largest satellite manufacturers in the world, EnduroSat has launched 103 satellites to orbit and delivered more than 200 for missions across the globe. The company is betting that standardization and radically cheaper space data will define the next era of the space economy. "The vision remains untouched: democratize access to space data. Our job is to empower the innovators at the final frontier - eliminating complexity and tedious supply chains, and making their services profitable from the get-go. Now it's time to scale things up a notch. I'd like to thank Riot, Atreides and all our investors for the vote of confidence as we keep building dramatically larger-scale space infrastructure." * Raycho Raychev, Founder & CEO, EnduroSat "Every large technology market of the last 50 years was driven by a cost curve. Space data still costs hundreds of dollars per gigabyte, and that price is the barrier to new applications and new markets. EnduroSat is attacking that number at the manufacturing layer, and at $1 per gigabyte the addressable market stops being the space industry and becomes every industry." * Gavin Baker, Founder, Managing Partner & CIO, Atreides Management "We back founders with a real technical advantage and the operational leadership to turn that advantage into manufacturing at scale. EnduroSat has already launched 103 satellites and delivered more than 200, and they're just getting started. With the EU's largest space and defense hub underway and a new manufacturing base being built in the United States, they're building the industrial capacity to meet the speed and scale this market now demands." - Stephen Marcus, Co-founder and Managing General Partner, Riot Ventures About EnduroSat EnduroSat is a space infrastructure builder that engineers, manufactures, and operates high-performance satellites, making space universally accessible for commercial and institutional customers across the globe. EnduroSat delivers end-to-end satellite missions - from mission design and payload integration to launch and in-orbit operations - through a fixed-cost, constellation-as-a-service model. EnduroSat serves 450+ customers globally and employs more than 350 space professionals across 7 locations worldwide. www.endurosat.com
TrustPoint CEO previews independent PNT satellite constellation with EnduroSat deal. Thursday, September 10th, 2026 TrustPoint is moving forward to build out its GPS-independent PNT constellation plans, tapping EnduroSat US to build 40 satellites in a deal announced Thursday. These 40 satellites will take the company's constellation to 47 satellites, including three previously launched spacecraft and four spacecraft in development as part of a SpaceWERX Tactical Funding Increase (TACFI) awarded earlier this year. "It's a signal that we're transitioning out of the R&D demo and pilot timeframe into the operational, production timeframe. That's the transition Trust Point will... Not a subscriber or registered user yet? Please contact us at [email protected] or call us at 888-707-5814 (Monday - Thursday 9:00 a.m. - 5:30 p.m. and Friday 9:00 a.m. - 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.
Bulgaria's EnduroSat Signs Memorandum of Understanding with France's Arianespace. French President Emmanuel Macron, Arianespace Chief Executive Officer David Cavailloles, EnduroSat Chief Executive Officer Raycho Raychev, Bulgarian Prime Minister Rumen Radev, Paris, September 9, 2026 (Council of Ministers Photo) 10.09.2026 13:49 Bulgarian nanosatellite manufacturer EnduroSat and French rocket company Arianespace have signed a Memorandum of Understanding in Paris. The signing ceremony took place at the Elysee Palace on Wednesday in the presence of French President Emmanuel Macron and Bulgarian Prime Minister Rumen Radev, as part of the International Space Summit currently being held in the French capital. The two companies intend to combine EnduroSat's capacity to build satellites at scale with the capabilities offered by Europe's largest launch vehicle, EnduroSat said in a Facebook post. The Bulgarian company plans to use Arianespace's Ariane 64 launch services starting in 2029. "Our shared goal is a competitive space ecosystem and strategic autonomy," EnduroSat said in its statement. EnduroSat opened an office in the French city of Toulouse in March 2025.
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Industries
Data & Analytics
Hardware
Enterprise Software
Aerospace
Company Size
201-500
Company Stage
Late Stage VC
Total Funding
$406.1M
Headquarters
Sofia, Bulgaria
Founded
2015
Find jobs on Simplify and start your career today