Orbital Paradigm Raises €1.5M Pre-Seed for Kestrel Reentry Capsule
70 FOMOMadrid-based Orbital Paradigm secured €1.5M in pre-seed funding from Akka, Demium Capital, id4 Ventures, and other investors to accelerate development of its Kestrel reusable reentry capsule. The company has pre-sold its first mission in full, with its second already 80% booked, and holds commercial interest from 18 clients worth a combined €81M. Founding CEO Francesco Cacciatore brings nearly two decades of ESA experience from Space Rider and Euclid.
Why it matters
Selling out a first mission before launch is extremely rare at this stage. The €81M in LOI pipeline from 18 clients is the strongest pre-revenue signal in European reentry this decade. CNES as anchor customer adds institutional credibility.
The numbers
Details
Funding
- Amount
- $1.65M
- Round
- pre seed
- Lead investors
- Akka
- Announced
- 2025-08-07
Coverage
-
eu-startups.com ·
Spanish SpaceTech Orbital Paradigm raises €1.5 million to build reusable space capsulesOrbital Paradigm raises €1.5M pre-seed led by Akka with Demium Capital and id4 Ventures. First mission fully booked, second 80% pre-sold. Eighteen clients have signed LOIs for a combined €81M. Founder Francesco Cacciatore brings nearly 20 years of ESA experience.
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Madrid-based Orbital Paradigm secured €1.5M in pre-seed funding from Akka, Demium Capital, id4 Ventu