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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
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
Valuation & funding
EnduroSat funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| 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 | — |
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.
| Year | Revenue | Growth | EBITDA | Margin |
|---|---|---|---|---|
| 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% |
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.
Hiring
Open positions at EnduroSat
Current openings linked to this company in Dealroom.
Comparisons
EnduroSat compared with similar companies
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Talent graph
EnduroSat's talent
Source: Dealroom Talent Intelligence.
Investors
18 investors on EnduroSat's cap table
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Global footprint
Where EnduroSat has talent and traffic
team presence
In the news
Latest news about EnduroSat
Recent press, funding announcements, and product moves mentioning EnduroSat — open to read from the original sources.
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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