European space company SWISSto12 has raised a $70M Series C, which will help it scale to meet the global demand for sovereign hardware in orbit.
The company did not disclose who contributed to the round.
“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,” CEO and founder Emile de Rijk said in a statement. “This Series C funding round accelerates our ability to execute on this growing demand across any payload, any platform and any orbit.”
Meet SWISSto12: The Swiss company, founded in 2011, sells two main products:
- HummingSat: a small sat intended to operate in GEO, which is expected to launch for the first time next year;
- HummingLink: multi-orbit satcom payloads and terminals.
Full picture: The company made the rare move of sharing a snapshot of its financials in an effort to showcase both its solid financial footing, and the high demand for its products. Highlights include:
- $140M in revenue during 2025
- Total $500M+ in won contract value
- Seven contracts for HummingSat small sats, including from SES and Viasat
- Flight heritage of 2,000+ payloads in orbit.
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As Loft Orbital gears up to fly more complex missions, the company announced the purchase of new satellite bus inventory today designed to fly larger, more power hungry customer payloads.
“This signifies we have a lot of customer demand…that necessitates us having more buses,” Loft COO and cofounder Alex Greenberg told Payload. “This also signifies us moving upmarket into bigger payloads, specifically for US national security customers.”
By the numbers: Loft’s business model is predicated on the idea that satellite buses are becoming increasingly commoditized. Instead of building buses of its own, the company acts as a mission manager—helping operators select the best bus for their needs, and then supporting every step of the payload’s integration and operation on orbit.
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