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Swissto12 Secures $70M Series C, Targets 2027 Satellite Launch

7/17/2026

Summary

Story summary

Swissto12 announced a $70 million Series C round on July 16 2026 to expand its small geostationary satellite manufacturing.
CEO Emile de Rijk said the first of seven HummingSat satellites will be completed in 2027 for SES, reporting $140 million 2025 revenue, a backlog over $500 million, and contracts with SES and Viasat.
ESA awarded $84.8 million in January 2026 via ARTES telecoms program, prompting CFO Fredrik Gustavsson to cite a 110 percent CAGR since 2022 to fund scale-up.

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Story summary

Swissto12 announced a $70 million Series C round on July 16 2026 to expand its small geostationary satellite manufacturing.
CEO Emile de Rijk said the first of seven HummingSat satellites will be completed in 2027 for SES, reporting $140 million 2025 revenue, a backlog over $500 million, and contracts with SES and Viasat.
ESA awarded $84.8 million in January 2026 via ARTES telecoms program, prompting CFO Fredrik Gustavsson to cite a 110 percent CAGR since 2022 to fund scale-up.