Swissto12 has concluded a Series C funding round, securing another $70 million in funding to support scaling up its manufacturing capabilities. The company reports a growth trajectory, with revenues of $140 million for 2025 and total contract values now exceeding $500 million. Swissto12 announced the successful funding round, July 16.
This news follows the award of $84.8 million from European Space Agency (ESA) Member States to the HummingSat ARTES partnership project, announced in January. To date, Swissto12 has secured seven contracts for its HummingSat GEO small satellite with leading global satellite operators, including SES and Viasat. The company has also expanded its HummingLink multi-orbit payload and antenna solutions business into Low-Earth Orbit (LEO) constellation customer programs and diverse missions across Europe and the Asia-Pacific region.
The company said it plans to use the funds to further scaling its manufacturing and integration capacity
“The financial picture at Swissto12 is robust and primed for global growth. $140 million in revenue for 2025, more than $500 million in customer contracts, and a 110 percent compound annual growth rate since 2022. These are the signals of an agile business, deploying capital efficiently, and operating at scale in a fast-growing industry. This Series C accelerates us further to meet strong demand from a space, satellite and telecommunications market that’s evolving and growing at pace,” Fredrik Gustavsson, CFO and strategy office of Swissto12, said in a statement.
