Most space-hardware startups raise money because they are burning it. SWISSto12 raised $70m while turning a profit, an unusual thing in the satellite business.
The Swiss company closed the €61m round days after ESA member states put $84.8m into its HummingSat programme, it said. That is more than $150m of fresh capital in a month. The company did not name its investors.
The numbers are unusual for the sector. SWISSto12 booked $140m in revenue in 2025, holds more than $500m in signed contracts, and has grown 110% a year since 2022. It expects to run EBITDA-positive this year.
Founded in 2011 as a spin-out from Switzerland’s EPFL, it now employs about 224 people. Its edge is manufacturing. It 3D-prints the radio-frequency guts of its hardware, which makes the parts lighter and faster to build.
What it builds
