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German launch startup raises $17 million with help from Airbus Ventures and an ex-SpaceX employee

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Isar Aerospace, a German startup developing a small launch vehicle, has raised $17 million in a Series A round led by Airbus Ventures and Earlybird Venture Capital. 

Munich-based Isar Aerospace is developing Spectrum, a two-stage, liquid-fueled rocket designed to launch 1,000 kilograms to low Earth orbit. 

One of the company’s advisers and investors is Bulent Altan, the co-chief executive of German laser communications startup Mynaric who worked at SpaceX from 2004 to 2014 and returned in 2016 for two-year stint working on SpaceX’s Starlink broadband constellation.

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7 new ideas from SEI Inventor

Devices for more inclusive education, buoys that collect microplastics in the seas, dynamic flowers that reflect domestic energy consumption… Today marks the end of the third edition of SEI Inventor: a bootcamp where 40 inventors have worked to transform their business ideas into working prototypes.

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