€10.2m · Other round · Space · Munich, Germany
Munich-based deltaVision has raised €10.2m in its first outside funding round. KT Ventures and Valemount Capital co-led the financing, with Futury Capital and additional private investors participating. The company will use most of the capital to expand manufacturing of spacecraft fluid-control equipment, while a smaller share will support development of systems for in-orbit refuelling.
Manufacturing is the immediate commercial test
deltaVision builds valves, pumps, motors and pressure regulators that control propellants and other fluids inside launchers, satellites and spacecraft. These components are physically small but mission-critical: they must meter and isolate fluids across extreme temperatures and pressure ranges, then perform reliably after launch. Customers therefore buy qualified hardware and dependable delivery, not simply a novel design.
Payload reports that about 70% of the round is earmarked for a fivefold increase in manufacturing output, including planned US capacity. The company is targeting roughly 5,000 valves a year. That expansion addresses a practical constraint in space programmes: component lead times can hold up an entire vehicle even when the launcher, payload and software are otherwise ready.
The company says it already serves more than 60 customers across four continents and was profitable before taking outside capital. It also says each ESA Argonaut lunar-lander mission uses around 50 of its products. Those claims suggest a base of commercial demand, but the next proof point is operational: whether deltaVision can increase throughput while preserving aerospace qualification, test discipline and short delivery times.
Refuelling adds a longer-term option
The remaining capital is intended for R&D in refuelling hardware, electronics and sensors. deltaVision is developing fluidic couplers and utility interfaces that could let one spacecraft transfer propellant to another, followed later by integrated refuelling modules. The commercial logic is clear: a satellite that can take on propellant may keep manoeuvring and generating revenue after its original fuel load is depleted.
That market is still emerging. deltaVision is not operating refuelling missions today, and the wider ecosystem still needs compatible spacecraft, rendezvous systems and service vehicles. Its nearer-term position is as a component supplier. If the same manufacturing base can serve current propulsion customers and later provide interoperable refuelling hardware, the company can build revenue before orbital servicing becomes routine. Execution now depends on converting the round into qualified production capacity in Europe and the US, while moving the refuelling roadmap from components towards flight-ready subsystems.
Sources checked:
deltaVision company site · Payload Space · EU-Startups · The Next Web · Tech.eu Funding Explorer
