The round was led by DEPO Ventures through its DEPO Ventures One fund, alongside SCE Freiraum Ventures, IRDI Capital Investissement and a French business angels network. ArcSpace will use the capital to expand its team, qualify flight hardware and prepare for its first demonstration mission planned for 2027, with a market launch targeted for 2028.
ArcSpace has developed a compact tool using high-energy electron beam technology that can join, weld and cut materials directly aboard spacecraft. The company says its system can capture and repair satellites not originally designed for servicing, and has already attracted interest from more than a dozen commercial companies as well as collaborations with CNES, ESA and the European Defence Fund.