SWISSto12 raised $70 million in a Series C round just days after securing $84.8 million from ESA member states, bringing together private and government funding simultaneously.
The Renens-based satellite company reached positive EBITDA in 2026, earned $140 million in revenue in 2025, and has grown at a 110% annual rate since 2022. This level of profitability is unusual for a space hardware startup at this point.
The company now has over $500 million in signed contracts, seven HummingSat GEO deals with operators like SES and Viasat, and more than 2,000 HummingLink payloads already in orbit.
Most space hardware startups raise money because they are losing money, but SWISSto12 raised $70 million in a Series C round while staying profitable. The company did not name the individual investors or disclose its post-money valuation, but confirmed that both new and returning investors participated.
The Renens-based satellite and payload maker confirmed it reached positive EBITDA in 2026, had $140 million in revenue in 2025, and grew at a 110% annual rate since 2022.
