German space startup deltaVision raises €10.2 million to scale spacecraft fluid systems

deltaVision, a Munich-based developer of fluidic systems for spacecraft, has raised €10.2 million ($11.6 million) in its first funding round, according to SpaceNews and EU-Startups. The company plans to use the money to expand production of valves and related equipment and to keep up with rising demand, with a focus on enabling in-space refueling.

The company builds fluidic systems for launchers, satellites, lunar landers and orbital servicing vehicles. KT Ventures and Valemount Capital led the round, both increasing their earlier commitment following a previous convertible loan. Futury Capital also took part, alongside private investors participating through a newly created investment vehicle. EU-Startups reported that deltaVision drew backing from both private industrial family offices and venture capital investors, and said it had intentionally chosen investors with industrial and commercial backgrounds.