EIB €10m venture loan to EnduroSat
Software-defined nanosatellites and the Shared Satellite Service
Key terms
- Borrower or issuer
- EnduroSat
- Date
- 26 Aug 2021
- Type
- Government finance
- Amount
- €10m (US$12m)
Recorded terms
- Structure
- Venture debt of up to €10m backed by the European Guarantee Fund
- Lenders and arrangers
- European Investment Bank
- Country
- Bulgaria
Parties
- EnduroSat borrower or issuer
- Public lenders and funders: European Investment Bank
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 3 Dec 2020 | EIB €20m venture loan to Spire Global | Government finance | €20m |
| 20 Nov 2020 | UK Government and Bharti Global acquisition of OneWeb out of Chapter 11 | Government finance | US$1bn |
| 31 Jul 2020 | EIB €15m venture loan to D-Orbit | Government finance | €15m |
| 30 Nov 2022 | EIB €18m venture loan to GomSpace | Government finance | €18m |
| 16 Dec 2022 | EIB €300m loan to SES | Government finance | €300m |
Sources
- EIB: €10 million in new space scaleup EnduroSat eib.org · 26 Aug 2021
About this record
Record ORB-2021-0006, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ equivalents use approximate annual average exchange rates. Spotted an error or have a document we have missed? Send a correction, and changes are logged on Updates and corrections.
Read the structure
Government and EU money comes as loans, guarantees or grants tied to a policy aim, with conditions on use of proceeds and reporting.
