ReOrbit Receives Young Innovative Company Funding from Business Finland to Help Expand and Scale Internationally

ReOrbit, a Helsinki-based leading provider of software-first satellites, has been granted a highly esteemed funding from Business Finland. The Young Innovative Company funding intends to accelerate the global growth of the most ambitious, rapidly growing startups in Finland. Over the past 15 years, a total of approximately 530 Finnish startups have been selected to the funding program. This prestigious achievement comes as a testament to ReOrbit’s continuous efforts to transform space technology and make a difference in the space industry with its cutting-edge products.

ReOrbit manufactures autonomous, reconfigurable and networking satellites that enable real-time dataflow in space. Thanks to its highly flexible software-first architecture, ReOrbit can adapt its satellites to different missions and support any payloads with powerful flight capabilities whilst keeping cost and time-to-orbit low. ReOrbit has been profitable since it was founded, gaining strong traction with customers ranging from governmental and institutional sectors to commercial satellite operators.  

The funding will help accelerate ReOrbit’s journey towards its next goal: to solidify its existing position in the space industry by driving international growth.

“We’re very exci­ted about secu­ring this fun­ding. With it, we will be able to direct even more resources to our development strategy focusing on scaling up internationally,” says Sethu Saveda Suvanam, CEO and Founder of ReOrbit. “We have already managed to secure a strong pipeline of orders, and this funding will enable us to focus on the strategy of scalable growth”.

“The Young Innovative Company funding program celebrates the A-team of Finnish startups, and ReOrbit takes its rightful place among them. We are happy to support the international growth of the company that represents the next frontier of the new space economy with its highly innovative technologies,” says Marko Kotonen, Senior Advisor at Business Finland.