# Orbital Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/orbital-systems

- Industry: Software
- Headquarters: Malmo, Sweden
- Website: www.orbital-systems.com
- Total disclosed funding: $24M
- Latest round: Series B (Apr 12, 2017)
- Investors on record: 4

## About

Orbital Systems Ab is a Swedish company specializing in innovative water-saving technologies. They offer advanced shower systems that recycle water to meet the growing demand for sustainable solutions in residential and commercial markets.Founded in 2012 in Malmo, Sweden, Orbital Systems Ab focuses on creating water-efficient products. The company was established by Mehrdad Mahdjoubi, who has a background in developing sustainable technologies. Orbital has completed a total of 9 funding deals, with the latest being a VENTURE DEBT round in which they raised EUR 20.00 mn from various investors, bringing the total amount raised to EUR 30.00 mn.Orbital Systems specializes in water-saving technologies, particularly its flagship product, the Orbital Shower. This innovative system significantly reduces water consumption while providing a luxurious shower experience through advanced recycling technology. Their solutions target both residential and commercial markets, including Scandinavia, the United States, and parts of Europe, catering to environmentally conscious consumers and establishments aiming to enhance sustainability.In 2022, Orbital Systems reported a revenue of EUR 7,983,778 with an EBITDA of EUR -4,732,597.8, reflecting the company's ongoing investment in product development and market expansion.Orbital Systems plans to expand its product line by launching new water-saving technologies aimed at addressing sustainability challenges in various sectors. They are targeting new geographic markets including additional regions in Europe and North America by 2024. Recent funding will support these initiatives, including an undisclosed amount of venture funding from Eastate, which will contribute to the expansion of their product offerings and market reach.

## Funding rounds

- Series B, Apr 12, 2017, $19M — Stena Ventures, af Jochnick family
- Series A, May 20, 2015, $5M — af Jochnick family, Rosengård Invest, Dendera Ventures

## Investors

- af Jochnick family — Series A, Series B
- Rosengård Invest — Series A
- Dendera Ventures (https://capitalatlas.ai/funds/dendera-ventures) — Series A
- Stena Ventures (https://capitalatlas.ai/funds/stena-ventures) — Series B