# Latitude

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/latitude-2

- Industry: Aerospace
- Headquarters: Reims, France
- Website: www.latitude.eu
- Total disclosed funding: $40M
- Latest round: Series B (Dec 1, 2023)
- Investors on record: 8

## About

Based in Reims, France, and founded in 2019 by CEO Stanislas Maximin, CTO Kevin Monvoisin, and COO Ilan Saidi-Bekerman, Venture Orbital Systems, trading under the name Latitude, operates as a space technology company that develops nano-launchers for the CubeSat (U-class spacecraft) market. In May 2021, Venture Orbital Systems received EUR 100,000 in a grant from Conseil regional du Grand Est. In January 2024, Latitude raised EUR 27 million in Series B funding co-led by Expansion Capital and Bpifrance, with participation from Kima Ventures and Blast.Club, Crédit Mutuel, UI Investissement. The Series B funding valued Latitude at EUR 50 million post-money.

Venture Orbital Systems provides Zephyr, a reactive launcher for nanosats and CubeSats with a payload of 80kg.

The company plans to use the funding from January 2024 to manufacture its launchers, establish an assembly line, and hire additional staff.

## Funding rounds

- Series B, Dec 1, 2023, $30M — Credit Mutuel Equity, UI Investissement, Bpifrance Investissement, Expansion Ventures, Blast.Club, Kima Ventures
- Series A, Jun 29, 2022, $10M — Credit Mutuel Equity, UI Investissement, Comat, Groupe ADF, Bpifrance Investissement, Expansion Ventures

## Investors

- Credit Mutuel Equity (https://capitalatlas.ai/funds/credit-mutuel-equity) — Series A, Series B
- UI Investissement (https://capitalatlas.ai/funds/ui-investissement) — Series A, Series B
- Comat — Series A
- Groupe ADF — Series A
- Bpifrance Investissement (https://capitalatlas.ai/funds/bpifrance-investissement) — Series A, Series B
- Expansion Ventures (https://capitalatlas.ai/funds/expansion-ventures) — Series A, Series B
- Blast.Club (https://capitalatlas.ai/funds/blast-club) — Series B
- Kima Ventures (https://capitalatlas.ai/funds/kima-ventures) — Series B