NATO Fund Taps Spanish Startup for Satellite Investment
Kreios was founded in 2021 and now has 17 employees.
Source: Kreios SpaceNATO’s NIF fund has made its first investment in a Spanish startup as it bets on a new type of satellite technology to help develop the industry in Europe.
The NATO Innovation Fund and Join Capital will both become investors in Kreios Space, which is seeking to create satellites that can operate in so-called very low orbits, according to a statement from NIF. The funds are among a group of investors injecting €8 million ($9.5 million) in a seed round.