# SPiN

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

- Industry: Aerospace
- Headquarters: Italy
- Website: www.spinintech.com
- Total disclosed funding: $1.8M
- Latest round: Seed (Jan 15, 2024)
- Investors on record: 5

## About

Based in Darmstadt, Italy, and founded in 2015 by CEO Ran Qedar and CTO Saish Sridharan, Space Product and Innovation S.r.l., trading under the name SPiN, operates as an aerospace company that focuses on providing modular space manufacturing solutions for the aerospace industry. In January 2024, SPiN raised EUR 1.63 million in seed funding led by Galaxia, with participation from Innova Venture, Scientifica Venture Capital, Obloo Venture Factory, and CDP Venture Capital.

The company provides a multipurpose adapter generic interface connector (MA61C), an intelligent system that scans connections, detects incoming data, routes, and converts data between interfaces. SPiN also offers MA61C EGSE, an electronic ground support device that enables users to monitor and command satellite subsystems on a computer via USB connection. In addition, the firm offers data handling and avionics, such as MA61C cubesat for 1U to 16U satellites and MA61C smallsat for satellites up to 150kg.

The company plans to use its proceeds from January 2024 funding to accelerate research and development, explore commercial opportunities, and further qualify the hardware in an operational environment.

## Funding rounds

- Seed, Jan 15, 2024, $1.8M — CDP Venture Capital, Innova Venture, Scientifica Venture Capital, Galaxia, Obloo Ventures

## Investors

- CDP Venture Capital (https://capitalatlas.ai/funds/cdp-venture-capital) — Seed
- Innova Venture (https://capitalatlas.ai/funds/innova-venture) — Seed
- Scientifica Venture Capital (https://capitalatlas.ai/funds/scientifica-venture-capital) — Seed
- Galaxia (https://capitalatlas.ai/funds/galaxia) — Seed
- Obloo Ventures (https://capitalatlas.ai/funds/obloo-ventures) — Seed