Spacecraft Firm Pave Raises $40 Million Amid European Space Push

A rendering of a Pave Space propulsion system attached to a satellite payload.Source: Pave Space

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March 25, 2026 at 9:00 AM UTC

Swiss startup Pave Space closed a $40 million seed financing round to build hardware that can move satellites or cargo to different orbits, as Europe attempts to reduce its reliance on the US to access space.

Investors Visionaries Club GmbH and Creandum AB led the financing, the company said on Wednesday. Lombard Odier Investment Managers, Atlantic Labs and other European investors also participated.