Cresco assisted Airbus Ventures and XAnge in the structuring, negotiation and closing of the €40 million Series B funding round of Aerospacelab.
Additional investors in the Belgian startup, which has raised €60 million since it was founded in 2018, include BNP Paribas Private Equity, Sambrinvest, a Belgian venture capital firm, and SRIW, the investment arm of Belgium’s Wallonia region.
Aerospacelab is powered by proprietary satellite data and enabled by its own satellites. The company’s latest funding will ramp up satellite production capacity, deploy multiple constellations to establish an intra-daily monitoring of the Earth’s surface, and implement geospatial data fusion analytics capabilities.
Olivier Van Raemdonck and David Dessers led the team that advised Airbus Ventures and XAnge.
More information about this transaction can be found in Spacenews and De Tijd.