
With its modular and reusable orbital vehicle Nix, The Exploration Company aims to democratize access to space for European private actors.
Space is an expensive endeavour, traditionally reserved for governmental missions alone. Recently, a growing number of private actors have entered the scene. US and China have started a race to first exploit the resources of space. European players are lagging behind, struggling to realize highly relevant missions from wildfire detection to building space-based solar power plants.
That is why Hélène Huby, former Head of Innovation at Airbus Defence and Space, founded The Exploration Company, probably Europe’s most ambitious space startup. Her mission is to shape sustainable, scalable, and affordable space journeys made in Europe. While a commercial experiment in space usually takes three years to prepare and costs 100,000€ per kilogram, The Exploration Company can offer their services within six months, charging only 20,000€ for the same load. In addition, the company operates a space store that offers tech bricks for sale, with standardized and open interfaces to enable others to build on their platform.
This allows The Exploration Company to enable a vast variety of industries from Space, Agri-Biotech, Pharmaceutical to Chemical and Entertainment. For instance, stem cells grow faster and better in space, and space-based solar panels could solve the energy crisis once and forever.
Space is an expensive endeavour, traditionally reserved for governmental missions alone. Recently, a growing number of private actors have entered the scene. US and China have started a race to first exploit the resources of space. European players are lagging behind, struggling to realize highly relevant missions from wildfire detection to building space-based solar power plants.
That is why Hélène Huby, former Head of Innovation at Airbus Defence and Space, founded The Exploration Company, probably Europe’s most ambitious space startup. Her mission is to shape sustainable, scalable, and affordable space journeys made in Europe. While a commercial experiment in space usually takes three years to prepare and costs 100,000€ per kilogram, The Exploration Company can offer their services within six months, charging only 20,000€ for the same load. In addition, the company operates a space store that offers tech bricks for sale, with standardized and open interfaces to enable others to build on their platform.
This allows The Exploration Company to enable a vast variety of industries from Space, Agri-Biotech, Pharmaceutical to Chemical and Entertainment. For instance, stem cells grow faster and better in space, and space-based solar panels could solve the energy crisis once and forever.
Location: Germany, Bavaria, Argelsried
Total raised: $610.36M
Investors 6
Date | Name | Website |
- | Vsquared V... | vsquared.v... |
- | Expansion ... | expansion-... |
- | Stellar Ve... | svc.vc |
18.04.2023 | EQT Ventur... | eqtventure... |
01.05.2023 | Partech Pa... | partechpar... |
27.01.2022 | Cherry Ven... | cherry.vc |
Funding Rounds 3
Date | Series | Amount | Investors |
18.11.2024 | Series B | $160M | - |
07.02.2023 | Series A | $444.83M | Possible V... |
18.11.2021 | - | $5.53M | - |
Mentions in press and media 29
Date | Title | Description |
06.03.2025 | DeepL's Clarify: A New Era in AI-Powered Business Translations | In the fast-paced world of global business, communication is the lifeblood that fuels success. As companies expand across borders, the need for precise and nuanced translations has never been greater. Enter DeepL, a pioneer in language AI, ... |
27.02.2025 | Powering global change: Germany’s tech ecosystem | Germany's tech ecosystem is one of the strongest in Europe, with vibrant startup hubs in Berlin, Munich, and Hamburg. The country is a leader in deep tech, AI, fintech, and climate tech, with pioneering companies pushing the boundaries of i... |
09.12.2024 | November 2024's top 10 European tech deals you need to know about | According to the Tech.eu database, European tech companies raised €5.2 billion over the course of November 2024. This figure is 30 per cent higher than the previous month when European tech companies raised €4 billion. Compared to November ... |
18.11.2024 | Sipping the Stars: Singapore Airlines and The Exploration Company Elevate Luxury and Innovation | In the world of luxury travel and space exploration, two stories emerge that capture the essence of ambition and refinement. Singapore Airlines (SIA) is set to redefine opulence in the skies, while The Exploration Company (TEC) is charting ... |
18.11.2024 | The Exploration Company sammelt 150 Millionen ein – Wyden erhält 16,9 Millionen | Im #DealMonitor für den 18. November werfen wir einen Blick auf die wichtigsten, spannendsten und interessantesten Investments und Exits des Tages in der DACH-Region. Alle Deals der Vortage gibt es im großen und übersichtlichen #DealMonitor... |
18.11.2024 | Munich-based The Exploration Company secures over €150 million to further develop their reusable spacecraft | The Exploration Company (TEC), an EU space startup founded in 2021 and operating out of Germany, France and Italy, has raised over €150 million in Series B led by Balderton Capital and Plural, with participation from Bessemer Venture Partne... |
18.11.2024 | The Exploration Company Raises $160M As It Looks To Compete With SpaceX | 4 Shares Email Facebook Twitter LinkedIn The Exploration Company locked up a $160 million Series B as the European startup looks to develop its own space capsule to rival SpaceX’s Dragon. The new round was co-led by Balderton Capital and Pl... |
18.11.2024 | The Exploration Company raises $160M Series B for reusable spacecraft development | European spacetech The Exploration Company (TEC) has raised $160 million in Series B funding, bringing total funding to nearly $230 million. Founded in 2021 by Hélène Huby, former VP Orion-ESM at Airbus, and an experienced team from Airbus ... |
18.11.2024 | The Exploration Company: European Space Tech Company Raises $160 Million (Series B) | Leading European space tech company The Exploration Company (TEC) announced it has raised $160 million in Series B funding co-led by Balderton Capital and Plural, with participation from Bessemer Venture Partners, NGP Capital, French Tech S... |
18.11.2024 | +++ The Exploration Company +++ Founderful +++ Ginmon +++ Startup-Flaute +++ | Was gibt’s Neues? In unserem #StartupTicker liefern wir eine kompakte Übersicht über die wichtigsten Startup-Nachrichten des Tages (Montag, 18. November) #STARTUPTICKER The Exploration Company +++ Was eine Ansage! Das deutsch-französische N... |
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