- deltaVision, a profitable fluidic systems manufacturer based in Munich, has raised €10.2 million. The company says its edge comes from being able to scale production quickly, not from having better technology than US competitors.
- The company, which has 134 employees, plans to launch its first integrated refuelling payload into orbit in March 2027.
- KT Ventures and Valemount Capital led the funding round, putting in more money after an earlier convertible loan. Futury Capital and several family offices also joined the round.
Alex Plebuch worked for years at major European aerospace companies, where he often saw propulsion subsystem failures. “I suffered a lot with technical problems,” he tells Tech Funding News.
This frustration led them to start deltaVision, the Munich-based fluidic systems company, which has now raised €10.2 million in its first external funding round, led by KT Ventures and Valemount Capital, both increasing their stakes after an earlier convertible loan.
Futury Capital and a new private investment vehicle also participated.
Founded in 2022 by Plebuch, Denis Kiefel, and Matthias Guenther, the company makes valves, pumps, and pressure regulators that link fuel tanks to engines in launchers, satellites, and landers. It has been profitable from the start, has had space heritage since 2025, and currently serves over 60 customers across four continents, including startups, major primes, and space agencies.
Winning on speed, not technology
In Europe, Plebuch says deltaVision has little direct competition because big companies usually make components themselves “at their pace, at their price” instead of buying from specialists. In the US, there are five or six competitors, but they can’t scale production quickly enough to meet demand.
deltaVision wants to take advantage of this by focusing on faster, higher-volume manufacturing instead of trying to outdo others with better engineering. The company already works with US resale partners, plans to license its products for local manufacturing, and expects to set up a US branch within months. It also wants to boost valve production in the US soon.
Competitors show the gap deltaVision wants to fill. Marotta Controls, founded in 1943, has delivered more than 50,000 flow-control valves to clients like SpaceX and Rocket Lab. Orbit Fab, based in Colorado, has raised about $65.9 million for its RAFTI refuelling ports. The Exploration Company in Munich has publicly recognised deltaVision’s help with valve design for reusable capsule engines, showing how competitive and well-funded Europe’s spacetech sector is.
Family offices take the lead
Plebuch says he chose family offices to lead the round on purpose. He wanted investors who “build businesses themselves and invest their own money” to take the lead, with venture capital as support.
KT Ventures’ Johannes Pichler says: “We’re not investing in a promise, we’re investing in a profitable business model with enormous tailwind and international growth opportunities.”
The new funding will go toward three main goals: increasing component production to 5,000 units a year, setting up the French subsidiary deltaVision SASU in Nouvelle-Aquitaine to grow R&D and make sensing and intelligence products for fluidic systems, and advancing research on integrated propellant-transfer systems for in-orbit refuelling.
Plebuch says the company has 134 employees and has already supplied about 50 components per mission to the European Space Agency’s Argonaut lunar lander program, calling this foundational work. The next big step is launching deltaVision’s first integrated payload for orbital refuelling in March 2027.
Plebuch notes that European space hardware needs to take a hands-on approach to production from the start, something deltaVision has already shown. Whether this manufacturing-first strategy can compete with better-funded US companies before refuelling standards are set is still uncertain. deltaVision’s March 2027 payload will be a key test.
