What is Latitude?
Founded in 2019 and headquartered in France, Latitude (formerly Venture Orbital Systems) is an orbital launcher manufacturer. The company is focused on developing and deploying launch vehicles for small satellites, aiming to provide reliable and cost-effective access to space. This enterprise-level funding positions Latitude to accelerate its development and manufacturing capabilities, potentially scaling its operations to meet growing market demand for launch services.
How much funding has Latitude raised?
Latitude has raised a total of $10.4M across 1 funding round:
Series A
$10.4M
Series A (2022): $10.4M with participation from Nicomatic, Feedaxess, and French Tech Seed
Key Investors in Latitude
Nicomatic
Nicomatic, a participant in this funding round, specializes in advanced connector solutions, particularly shielded FFC cables suitable for high-speed data transmission, indicating a potential interest in the robust electronic systems required for aerospace applications.
Feedaxess
Feedaxess, identified as a backer, is associated with Crédit Mutuel Equity, an investment firm focused on long-term value creation and supporting business transformations, suggesting a strategic financial partnership for Latitude's growth.
French Tech Seed
French Tech Seed, a government-backed initiative, typically supports innovative startups in their early stages, signaling confidence in Latitude's technological potential and its contribution to France's burgeoning space sector.
What's next for Latitude?
The substantial enterprise-level funding indicates Latitude is poised for significant growth and operational scaling. This capital injection is likely to be directed towards enhancing manufacturing capacity, advancing rocket technology, and expanding its team of engineers and technicians. The strategic nature of the recent investment suggests a focus on solidifying market position and potentially forging key partnerships within the aerospace industry, paving the way for future commercial launches and sustained expansion.
See full Latitude company page
