SWISSto12 Raises $70M to keep pace with multi-orbit demand

Swiss satellite and payload maker SWISSto12 has closed a $70 million (€61 million) Series C, funding it says will expand manufacturing as orders climb across commercial and government customers.

The Series C lands after a stretch of steep revenue gains. SWISSto12 reported $140 million (€121 million) in 2025 revenue, and its cumulative contract value has passed $500 million (€432 million), a trajectory the company says is pushing it into positive EBITDA in 2026.

Vertical satellite. Image via SWISSto12.

The raise also follows a separate boost from Europe’s public space program: European Space Agency member states awarded $84.8 million (€73 million) to the HummingSat ARTES partnership, under which the ESA backs the development and in-orbit validation of the HummingSat platform.

“The finan