# Destinus

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/destinus

- Industry: Aerospace
- Headquarters: Switzerland
- Website: www.destinus.ch
- Total disclosed funding: $29M
- Latest round: Seed (Feb 9, 2022)
- Investors on record: 7

## About

Based in Switzerland and founded in 2021, Destinus SA, aka Destinus engages in the development of Hyperplanes, and related infrastructure, intended to empower ultra-fast cargo delivery services across continents. In February 2022, the firm raised CHF 26.8 million in seed funding from new investors ACE & Company, Cathexis Investment Management, Conny & Co, with participation from other investors. As of 2022, the company is being led by its founder and CEO, Mikhail Kokorich, employs 50 employees, and has facilities and offices in Munich, Madrid, and Toulouse.

Destinus SA focuses on the development of hydrogen-powered hypersonic vehicles called hyperplanes, and associated infrastructure facilities to power the company’s mission of hyper express delivery services, in which cargo can be transported across continents in less than two hours. The company's patented aircraft is a hybrid of a rocket and an airplane that can switch between rocket and airplane engines based on attitude and speed and has autonomous flight capabilities as well as horizontal take-off and landing capabilities. The aircraft utilizes hydrogen fuel, and thereby reduces the carbon footprint in an effective manner.

Destinus SA intends to use the February 2022 funding to support the development and testing of its hydrogen-powered supersonic flights in the next 12-18 months. The company also plans to scale up its workforce from 50 to 100 within 2022.

## Funding rounds

- Seed, Feb 9, 2022, $29M — ACE & Company, Liquid 2 Ventures, One Way Ventures, Quiet Capital, Cathexis Investment Management, Conny & Co, Server Partners

## Investors

- ACE & Company (https://capitalatlas.ai/funds/ace-company) — Seed
- Liquid 2 Ventures (https://capitalatlas.ai/funds/liquid-2-ventures) — Seed
- One Way Ventures (https://capitalatlas.ai/funds/one-way-ventures) — Seed
- Quiet Capital (https://capitalatlas.ai/funds/quiet-capital) — Seed
- Cathexis Investment Management (https://capitalatlas.ai/funds/cathexis-investment-management) — Seed
- Conny & Co (https://capitalatlas.ai/funds/conny-co) — Seed
- Server Partners — Seed