Azimut's Club Deal finalised

110 million for D-Orbit

In a fortnight full collection with 1500 investors. The Lombard company has already completed 21 missions with the Ion carrier, placing 200 payloads in orbit

by Luca Orlando

3' min read

Translated by AI
Versione italiana

3' min read

Translated by AI
Versione italiana

A few days ago the launch of the 200th payload into orbit. And now a new leap, this time in financial terms. The growth path of Lombardy-based D-Orbit, now among the global leaders in orbital logistics, continues with the positive closure of the Club Deal by the Azimut group, which finalised the operation by raising 110 million euro on the market.

The club deal reached its funding target in just a few weeks, for an investment realised through Azimut Direct Investments SCA-SICAV-RAIF - D-Orbit, a dedicated Luxembourg vehicle that allowed approximately 1,500 customers followed by Azimut's network of financial advisors and wealth managers in Italy to access this investment initiative in the space infrastructure sector.

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The structure of the transaction envisages the participation in an ongoing capital increase, with Azimut as lead investor, destined to support D-Orbit's industrial and technological expansion, flanked by a purchase of shares on the secondary market from various investors, aimed at strengthening the shareholding structure and consolidating the company's international growth path.

Founded in 2011, D-Orbit has now established itself as an international reference in the services of transporting and releasing satellites into orbit, consolidating an international presence with operations in Europe, the United States, and the United Kingdom, and establishing partnerships with major space agencies and private operators of global importance. A few days ago, it carried its 20th and 21st mission with Ion Satellite Carrier, its flagship product, into orbit (see photo in this article), surpassing the threshold of 200 individual loads carried.

The platform, which was developed, enables the precise release and positioning of satellites in orbit, significantly reducing the time, cost and complexity of missions. Ion is part of the family of satellite platforms developed by the company to meet the growing demand for satellite constellation services, now essential for applications such as advanced telecommunications, Earth observation, climate analysis, defence, autonomous mobility and critical infrastructure management.

The resources brought in by the club deal, in addition to a EUR 150 million round closed last September, will be used to support D-Orbit's international development path, expand its industrial capacity related to Ion missions, and continue its technology roadmap, further strengthening the company's global positioning.

"The success of this new club deal," explains Giorgio Medda, CEO of the Azimut Group, "once again confirms Azimut's ability to bring private customers closer to the greatest opportunities in the real economy, positioning us as an enabler and accelerator of strategic technological innovation in our country. D-Orbit represents an example of Italian industrial excellence capable of establishing itself as an international reference in the construction of the new global space infrastructure. Supporting its growth means investing in the future of Europe and Italy's technological competitiveness".

"Azimut's entry as lead investor," commented D-Orbit CEO Luca Rossettini, "represents for us a sign of strong confidence in the industrial and technological path that D-Orbit has been pursuing for over ten years. This first closing reinforces our ability to continue to grow with a long-term vision, maintaining a solid industrial approach consistent with the challenges of a rapidly evolving sector. It is a step that encourages us to continue with determination, building value over time together with like-minded partners'.

D-Orbit, based in Fino Mornasco but with offices also in Portugal, the UK and the US, announced last April a strategic combination with the Planetek Group to integrate new capabilities in cloud-based space applications, in-orbit data processing via artificial intelligence and near-real-time data exchange services.

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