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EnduroSat

Space · Sofia, Bulgaria · Founded 2015

Nanosatellite manufacturing and space-as-a-service provider MoreLess

EnduroSat is a Bulgarian aerospace manufacturer that designs, builds, and operates CubeSats and Nanosatellites for commercial, scientific, and exploration missions. The company was founded in 2015 by Raycho Raychev, who serves as the CEO. Before establishing EnduroSat, Raychev founded Space Challenges, a major space educational program in Europe, reflecting his long-standing passion for space exploration and technology.

The company's business model revolves around two primary streams: the direct sale of satellite hardware and a 'Space-as-a-Service' offering. The service model simplifies access to space by managing the entire mission lifecycle, including satellite design, payload integration, launch, and in-orbit operations, for a fixed cost. This allows clients from commercial, scientific, and academic sectors to access space data without the complexities of managing their own missions. EnduroSat serves a global client base of over 350 customers.

EnduroSat provides standardized CubeSat platforms in various sizes, along with a range of satellite modules such as communication systems, onboard computers, power modules, and solar panels. A key feature is the use of software-flexible satellites and a modular design, which allows for faster assembly and repurposing for different missions, significantly reducing costs and time-to-orbit. The company has successfully launched multiple missions, including Bulgaria's first CubeSat, 'EnduroSat One', in 2018, and shared satellite missions like SPARTAN.

Headquartered in Sofia, Bulgaria, the company has expanded its operations with offices in Germany, Italy, France, Luxembourg, and the United States. To meet growing demand, EnduroSat opened a large Space Center in Sofia, capable of producing up to two 200-500kg ESPA-class satellites per day. The company has secured significant funding from investors including Founders Fund, Google Ventures, CEECAT Capital, and the European Investment Bank.

Keywords: nanosatellites, CubeSats, space-as-a-service, satellite manufacturing, satellite constellations, space technology, aerospace, satellite components, space missions, earth observation, in-orbit operations, satellite communications, LEO, payload integration, space exploration, satellite data services, modular satellites, software-defined satellites, space hardware, avionics, ground station services, satellite operations, space R&D

Valuation $100–500M
Revenue $50–100M
Headcount 100–500
Total funding $100–500M
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Company overview

EnduroSat company information

The essential company record, classifications and operating signals in one place.

Status
Operational
Founded
2015
Headquarters
Sofia, Bulgaria
Employees
285
Open positions
10
Dealroom signal
94.6
client focusb2btechnologyArtificial IntelligencetechnologyHardwaretechnologyDeep TechtechnologyNanotechsectorAerospacebusiness modelManufacturingsectorSpace TravelsectorInfrastructure ServicessectorSolar EnergysectorCore AIsectorSpacesectorSustainable Development GoalssectorEIC

Valuation & funding

EnduroSat funding history

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
LATE VCOther financing Oct 2025 $104M $416M Riot Ventures · Lux Capital · GV · Shrug Capital
LATE VCOther financing May 2025 $49M $196M Founders Fund · Morphosis Capital · Ceecat Capital
GROWTH EQUITY VCOther financing Feb 2025 $0 Morphosis Capital · Ceecat Capital
SUPPORT PROGRAMOther financing Jan 2025 $0 CASSINI Initiative · EUSPA
EARLY VCOther financing Oct 2024 $0 EIC Fund
GRANTOther financing Oct 2024 European Innovation Council
SUPPORT PROGRAMOther financing Sep 2023 EUSPA · CASSINI Initiative · Cassini Business Accelerator
SERIES AOther financing May 2023 Freigeist Capital · Ceecat Capital
SUPPORT PROGRAMOther financing Jun 2022 EUSPA · CASSINI Initiative
SEEDOther financing Aug 2021 European Investment Bank
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Financials

Revenue, earnings and profit over time

Reported history and available estimates. Estimated years are marked “E”; sparse fields are left blank rather than inferred.

YearRevenueGrowthEBITDAMargin
2026 $55M 0% $638K 1.2%
2025 $55M 0% $638K 1.2%
2024 $55M +270.4% $638K 1.2%
2023 $15M +101.5% $638K 4.3%
2022 $7.4M +137.6% $638K 8.7%
2021 $3.1M +113.8% $638K 20.6%
2020 $1.5M $525K 36.2%
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Growth signals

EnduroSat website traffic

Latest recorded traffic for EnduroSat is 49K monthly website visits, up 44.1% over the last three months. EnduroSat's team grew 18.3% over the past year.

Latest monthly visits49K 3-month web change+44.1% 1-year team growth+18.3%
Monthly website visits116 observations · Nov 2016–Jul 2026
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Comparisons

EnduroSat compared with similar companies

Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.

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Talent graph

EnduroSat's talent

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Team profiled 20 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 6 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Investors

18 investors on EnduroSat's cap table

Sourced from Dealroom's funding and investor records. Investor profile links are shown where available.

Seed 5 investors entered at this stage
European Innovation Council
EUSPA
Neo Ventures
Freigeist Capital
European Investment Bank
Series A 5 investors entered at this stage
NEVEQ
Imperia Online
Trading212
Ceecat Capital
EIC Fund
Series B+ 6 investors entered at this stage
Morphosis Capital
Founders Fund
Riot Ventures
Lux Capital
GV
Shrug Capital
Other known 2 additional known investors
CASSINI Initiative
Cassini Business Accelerator

Global footprint

Where EnduroSat has talent and traffic

Workforce by country
11 countries with
team presence
🇧🇬 Bulgaria73.8%
🇺🇸 United States6.3%
🇩🇪 Germany6.3%
🇫🇷 France5%
🇮🇹 Italy3.3%
Top 5 of 11 shown

In the news

Latest news about EnduroSat

Recent press, funding announcements, and product moves mentioning EnduroSat — open to read from the original sources.

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Market sentiment

What the market is saying about EnduroSat

An AI-synthesized read of the highest-engagement posts about EnduroSat on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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