SWISSto12, a Swiss satellite and payload manufacturer founded in 2011 and headquartered in Renens, Switzerland, has closed a $70 million (€61 million) Series C to expand manufacturing and integration capacity in response to growing demand from commercial and sovereign government customers. The fundraise follows the company’s announcement of an $84.8 million (€73 million) award from European Space Agency member states to support development and in-orbit validation of HummingSat through the ARTES partnership program.
SWISSto12 reported $140 million (€121 million) in revenue for 2025, total contracted orders exceeding $500 million (€432 million), a 110% compound annual growth rate since 2022, and positive EBITDA in 2026. The company has secured seven contracts for its HummingSat geostationary small satellite platform with leading global operators including SES and Viasat, and has deployed more than 2,000 of its HummingLink multi-orbit payload and antenna solutions across active space missions.
The company operates across two primary product lines. HummingSat is a compact, proprietary geostationary satellite platform designed to serve commercial operators looking for a smaller, more cost-effective alternative to traditional large GEO satellites. HummingLink is a family of advanced payload and antenna solutions designed to work across multiple orbital regimes — geostationary, medium Earth orbit, and low Earth orbit — supporting a range of mission types including direct-to-device connectivity, media broadcasting, intersatellite data relays, and sovereign communications infrastructure. SWISSto12 leverages patented manufacturing technologies including 3D printing to produce these systems with greater design flexibility and production efficiency than conventional approaches.
Series C proceeds will fund scaling of manufacturing capacity and integration infrastructure to meet accelerating order flow across both product lines in commercial and government markets in Europe and the Asia-Pacific region.
KEY QUOTES:
“The financial picture at SWISSto12 is robust and primed for global growth. $140 million in revenue for 2025, more than $500 million in customer contracts, and a 110% compound annual growth rate since 2022. These are the signals of an agile business, deploying capital efficiently, and operating at scale in a fast-growing industry. This Series C accelerates us further to meet strong demand from a space, satellite and telecommunications market that’s evolving and growing at pace.”
Fredrik Gustavsson, Chief Financial and Strategy Officer, SWISSto12
“Space is increasingly recognized as essential infrastructure for the global economy. In this expanding market, our solutions across payload and satellite lines are creating significant new opportunities for customers. Our products are supporting exciting new customer missions — from direct-to-device connectivity to media broadcasting, intersatellite data relays or sovereign communications infrastructure — many of which span multiple orbits. This Series C funding round accelerates our ability to execute on this growing demand across any payload, any platform and any orbit.”
Emile de Rijk, Chief Executive Officer and Founder, SWISSto12
