SWISSto12 secures €61M Series C funding to expand manufacturing capacity
SWISSto12, headquartered in Renens, Switzerland, has closed a €61 million ($70 million) Series C funding round, following the award of €73 million ($84.8 million) from European Space Agency (ESA) Member States to the HummingSat ARTES partnership project. Through the programme, ESA is supporting SWISSto12 in the development and in-orbit validation of its HummingSat geostationary (GEO) small satellite.
The HummingSat platform uses proprietary Additive Manufacturing technologies to enable faster production, reduced costs and more compact satellite designs, lowering barriers to entry for space-based applications.
The funding round follows a period of commercial growth for the company, which reported revenues of €121 million ($140 million) in 2025. SWISSto12 added that its total contract value now exceeds €432 million, contributing to positive EBITDA in 2026.
To date, the company has secured seven contracts for its HummingSat GEO small satellite from satellite operators including SES and Viasat. It has also expanded its HummingLink payload and antenna business to support low Earth orbit (LEO) constellation programmes and other missions across Europe and the Asia-Pacific region (APAC). According to the company, more than 2,000 HummingLink payload and antenna solutions are now deployed on active space missions.
SWISSto12 stated that the Series C funding will be used to expand its manufacturing and integration capacity in response to growing demand from commercial and government customers. The investment will support production of both its HummingLink multi-orbit payload and antenna solutions and its HummingSat GEO satellite platform.
“The financial picture at SWISSto12 is robust and primed for global growth,” stated Fredrik Gustavsson, Chief Financial and Strategy Officer of SWISSto12. “$140 million in revenue for 2025, more than $500 million in customer contracts, and a 110% compound annual growth rate since 2022. These are the signals of an agile business, deploying capital efficiently, and operating at scale in a fast-growing industry. This Series C accelerates us further to meet strong demand from a space, satellite and telecommunications market that’s evolving and growing at pace.”
Emile de Rijk, CEO and founder of SWISSto12, said, “Space is increasingly recognised as essential infrastructure for the global economy. In this expanding market, our solutions across payload and satellite lines are creating significant new opportunities for customers. Our products are supporting exciting new customer missions – from direct-to-device connectivity to media broadcasting, intersatellite data relays or sovereign communications infrastructure – many of which span multiple orbits. This Series C funding round accelerates our ability to execute on this growing demand across any payload, any platform and any orbit.”
