Look Up (formerly Look Up Space), a Toulouse-based European company specializing in orbital safety and the protection of space infrastructure, has announced a EUR50 million funding round combining equity, bank debt, and public grants to support the deployment of two radars in French Polynesia.
“This operation is one of the largest Series A rounds in Space Tech over the past decade. The equity funding round is led by UK-based ETF Partners, totaling EUR24 million. Leadwind, KFund’s early growth fund (Spain) and the EIC Fund (EU) join as new shareholders, while MIG Capital (Germany), Karista (France), and Expansion (France) reaffirm their support after participating in the 2023 seed round.
Additionally, Look Up receives EUR15 million in non-dilutive funding from the European Union, Several banking institutions are also contributing to the financing round through debt, bringing the total financing to nearly EUR50 million.
This funding, coming exclusively from recognized European financial players, validates the European scope of the company, which aims to offer an end-to-end solution for space safety and operations. Today, most detection and tracking capabilities in Low Earth Orbit, where 90% of space traffic occurs, are provided by the United States. Look Up’s globally deployed radar network, with the first unit already operational in Lozère (France), will deliver highly accurate data on all objects in orbit: active or defunct satellites, upper rocket bodies, and hundreds of thousands of pieces of debris a few centimeters. This data, available to public and private actors or processed in real time by Look Up’s digital platform “SYNAPSE”, will support advanced services such as precise collision risk prediction, maneuver recommendations, detection of abnormal activity or threats, enabling the peaceful and sustainable use of space.”
For more information
www.lookupspace.com
