French startup Leanspace building the digital infrastructure of the space industry has picked up €6 million in an oversubscribed seed financing round. With this, the total funding raised by the company accounts for €8.5 million.
The round was led by Karista and 42CAP. Also, it saw complementary non-dilutive financing from Bpifrance that invested in Arianee and Doctolib. The new investors of this round have joined existing investors such as Seraphim Space, the International Space University and strategic business angels.
This new investment will enable Leanspace to scale up its offerings, by bringing additional cloud services, putting in place a mature service delivery model, and building integrations with strategic partners.
Guillaume Tanier, co-founder & CEO of Leanspace, said: “I’ve spent the last decade building and selling space software. The truth is: 80% is always the same, but people keep rebuilding their systems from scratch, stitching disparate technologies together and reinventing the wheel. In the NewSpace era, it does not make sense anymore. With my co-founders, we wanted to build this ‘80%’ once and make it available to every space player in an easy to use, transparent model, so that they can quickly build powerful, cloud-native space software.”
Michaël Thomas, Investment Director and Yvan-Michel Ehkirch, Managing Partner at Karista said: “We were won by the team’s unique vision, complementarity and understanding of what it is to build a global venture. With such a mindset next to a solid technology, fleet management can now be disrupted in the whole NewSpace ecosystem and beyond within many industry verticals. Leanspace’s platform is answering one of the biggest challenges of NewSpace today, meaning the capacity to scale up fast ground infrastructures – one of the current market’s bottlenecks – in order to support the huge market growth”.
Julian von Fischer, Partner at 42CAP said: “We have been analyzing the SpaceTech market for quite a while and finally found what we were looking for in Leanspace: a founding team with deep domain expertise, understanding the problems of the industry and a product which has the potential to redefine how software is used in space in the future. We believe that Leanspace has the capability to accelerate the paradigm shift happening in the market and become a core part of the future software stack of space companies. We are thankful to now be a small part of this journey.”
Digital transformation of space organisations
Leanspace was founded by Alvaro Alonso Ruiz, Gaurav Lanjekar, Guillaume Tanier and Stan Kaethler in 2020 in Strasbourg, France. It was founded with the goal of enabling the digital transformation of space organisations.
It brings a new way to build space software and provides all the generic functions, easily consumable as-a-service, via APIs. The platform enables organisations to build all their systems in-house and drastically reduces time and costs, keeps them in control, and boosts competitiveness.
Customers use Leanspace as an integration platform. They can quickly set up ground segments that scale easily and where data can flow, across systems and teams. They also use it as an innovation platform, develop their own systems, with their own methods, to answer their own, specific use cases.