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Lendurai raises €5.6M Seed, for autonomous UAV systems in GPS-denied environments

Quick Facts🗂️ Company: Lendurai Website: https://lendurai.com LinkedIn: https://www.linkedin.com/company/lendurai/ Location: Tallinn, Estonia Funding Round: Seed Amount Raised: €5.6M Lead Investor(s): Expeditions Fund Other Investors: Vsquared, HCVC, Lemonade Stand All Investors: Expeditions Fund, HCVC, Lemonade Stand, Vsquared Total Funding to Date: €5.6M Founded: 2024 Sector: Defense Technology, Autonomous UAV Systems Company...

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Modvion raises €11m Convertible, to build wind turbines out of wood

Whilst wind turbines are generally manufactured using steel, iron or fiberglass, Sweden-based Modvion makes them out of wood. . Specifically, Modvion has chosen to use laminated veneer lumber (LVL), which is similar to plywood (as most veneer layers are placed with the fibers in the same direction), with good strength & flexibility (for the inquisitive, see this good overview of wood & wood components). As there’s no Swedish manufacturers of LVL today, Modvion sources special quality LVL from Finland-based Stora Enso & Metsä (which through its CVC – Metsä Spring – also invested in Fiberwood). They deliver 15-meter-long boards to Modvion's “factory 1”, where they're cut into a conical shape & put together in layers,...

EnduroSat raises €43M Series B, to scale modular satellite manufacturing

Quick Facts🗂️ Company: EnduroSat Website: https://www.endurosat.com Location: Sofia, Bulgaria Funding Round: Series B Amount Raised: €43M Lead Investor: Founders Fund Other Investors: Ceecat, Morphosis All Investors: Ceecat, EIC Accelerator, European Investment Bank, Founders Fund, Freigeist, Morphosis, Neo Total Funding to Date: €66M Founded: 2015 Sector: Space / Nanosatellites / Space-as-a-Service Company Overview🗞️ EnduroSat, a Bulgarian startup, is developing a space services platform that integrates software-defined, modular nanosatellites. The company's core product is the Endurance Gen3 ESPA-class satellite platform, specifically engineered to support advanced payloads such as hyperspectral imaging, synthetic aperture radar, broadband communication, and precise navigation systems. EnduroSat aims to alleviate the complexities and financial burdens traditionally associated with satellite deployment by employing a comprehensive "Space-as-a-Service" model.  Founders: Raycho Raychev (co-founder Stanimir Gantchev exited the company in February 2025)Team Size: ~ 230 Funding Round Details💶 In June 2025, EnduroSat announced a €46M Series B round led by...

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