The rocket launcher spinout of TUM has received $90.8m in a UVC Partners-backed round as it prepares for a first commercial launch in 2022.
Isar Aerospace, a Germany-based satellite technology launch services spinout of TU Munich, has raised €75m ($90.8m) of series B funding from investors including Unternehmertum Venture Capital (UVC) Partners, an affiliate of the university’s tech transfer arm UnternehmerTUM.
The round was co-led by Lakestar, Earlybird and Vsquared Ventures and also featured Airbus Ventures, a corporate venturing subsidiary of aerospace manufacturer Airbus, as well as HV Capital, Apeiron Investment Group and private investors Bulent Altan, Paul Achleitner and Ann-Kristin Achleitner.
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