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Blackswan Space Secures Pre-Seed Funding

By Mark Holmes | April 8, 2024

Linas Sargautis angel investor Co-Founder of NanoAvionics (left) and Blackswan Space Founder & CEO Marius Klimavicius (right)

Blackswan Space has secured $800k in pre-seed funding round. The company, based out of Vilnius, Lithuania, is looking to develop software products for complex space & defense missions. The funding round was led by ScaleWolf, a hybrid accelerator and fund for defense tech with participation from Linas Sargautis, co-founder of NanoAvionics, Lemonade Stand, Baltic Sandbox Ventures, and Vladas Lašas – a serial entrepreneur and angel investor. The new funding was announced, April 8.

Since 2019, the company has been working on autonomous space technologies in collaboration with the European Space Agency (ESA) and commercial partners. Its Mission Design Simulator (MDS) enables customers to simulate complex spacecraft maneuvers for in-orbit servicing, object retrieval missions, space domain awareness, or simulating satellite constellations in real-time.

“We are in a strong position to solve one of the major problems and opportunities facing the space economy today – the growing number of satellites and other space infrastructure in orbit that will be impossible to control all from the ground. Our nimble team has bootstrapped by self-funding and winning contracts from ESA, this funding round is the rocket booster to help us level up,” Marius Klimavicius, co-founder and CEO of Blackswan Space said in a statement.