LookMillion has collected 50 million to expand a toolous-based startup innovative orbital protection and space surveillance, worldwide radar network and space traffic management services.
Round in this series, one of the largest in European spacetecs in the last decade, includes equity, debt and public grants – exclusively from European financial players. The ETF partners led the $ 24 million equity section, led by Lidwind (KFND), EU EIC Fund and Returning Investors to participate in Mig Capital, Karista and expansion.
Further, the European Union is supporting the expansion with $ 15 million with non-dual funds and several banking companies have joined the round through the debt financing.
Accordingly Michelle FredlingCo-founder of Luke Up: “See is an overall vision and a unique strategy. Our goal is to be global players in space protection and operations. This fund will enable our worldwide to deploy our radar network and improve our digital solutions and strengthens our position for growing and unstable orbital. It strengthens our position.”
Former Chief of the French Space Command, Michelle Fredling and former head surveillance of CNES, are founded in 2022 by Juan Carlos Dollado Perez, ex-head of CNESS Surveillance, a Global Radar Network-Surassis Everything Satellite to Sentimetric Stemite-Cens.
The team plans to reach 1 at the end of the year with more than 605 employees till June 2021.
The company, which was launched only three years ago, is already operating a high-dependent radar in France and will soon install two more French Polynesia.
This fund will be used to deploy new radar units, launch a space operations center, accelerate the company’s international push and legalize its “Space-operations-A-Servis” model with an in-black demonstration. Luke-up’s full-stack solution includes Atlas 2, an EU-backed program to protect automatic lower-earth orbitals.
Juan Carlos DOLDOCo-founder, echoed this integrated approach: ”Luke Up Technology Vision is built on three pillars: First, the ability to detect 24/7 orbits with high regeneration Thanks to our radar network; Secondly, the ability to analyze and understand the space domain in real time Through our synapus platform; And thirdly, the ability to enable the operation of safe and sustainable space. This is integrated Vision lets us meet the growing demand for the management of integrated space traffic from both public and private To ensure the long -term stability of the operator, space activitiesThe “
Although 90% of the current lower-earth orbital tracking is guided by the United States, look at Europe’s strategic aspirations to restore sovereignty in space surveillance. In France already effective and with a radar on the Polynesia horizon, surveillance aims to encourage Europe’s role in the infrastructure domain.
Tonak resignmentSenior partners of the ETF Partners, emphasized on investment mission-driven nature: “ETF partners are proud to support Europe’s emerging leader in sustainable space technologies.
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