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Neworbit

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neworbit.space · 0% of roles remote

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Neworbit in the News

Tech.euJun 8, 2026

NewOrbit raises $18.5M Series A to commercialise VLEO

UK-based satellite manufacturer NewOrbit has raised $18.5 million in Series A funding to advance the commercialisation of Very Low Earth Orbit (VLEO), a region of near-Earth space between 200 and 300 kilometres above the planet that has historically remained inaccessible for commercial satellite operations. The oversubscribed round was led by Voyager Ventures, with participation from angel investors including David Kirk, former Chief Scientist at NVIDIA, Lawrence Leuschner, co-founder and former CEO of TIER Mobility, and family office Custos. Existing investors Atlantic.vc, Lifeline Ventures, LGF and Illusian also participated in the round. Founded in 2021 and headquartered in Reading, NewOrbit is developing satellites designed to operate in this orbital band, which has historically been used primarily for government and scientific missions, including spy satellites and the International Space Station. Operating closer to Earth allows satellites to capture higher-resolution imagery and

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EU-StartupsJun 8, 2026

UK-based NewOrbit raises €16 million to build commercial satellites for very low Earth orbit (VLEO)

NewOrbit, a Reading-based SpaceTech company building satellites for very low earth orbit (VLEO), has closed an oversubscribed €16 million ($18.5 million) Series A round to fund the launch of the world’s first commercial satellite to fly at 200-300 km. The round was led by Voyager Ventures, with leading angel investors including David Kirk (former Chief Scientist at NVIDIA), Lawrence Leuschner (co-founder and former CEO of TIER Mobility), and the family office Custos participating in the round. The round also received continued backing from Atlantic.vc, Lifeline Ventures, LGF and Illusian. Anatolii Papulov, CEO and co-founder of NewOrbit, said, “For sixty years, VLEO has been treated as too hostile an environment for commercial satellites — but it is in fact the most valuable empty real estate in space. Today, no one in the industry has a reliable, affordable and fast way to fly payloads in very-low Earth orbit. We built our NEO-1 satellite to do exactly that.” Founded in Ma

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