SWISSto12 closes USD 70m Series C financing to meet growing multi-orbit demand

SWISSto12, a leading enabler of the new space economy, closed its USD 70 million (EUR 61 million) series C financing.

Niederer Kraft Frey advised SWISSto12 on the transaction.

This follows the award of USD 84.8 million (EUR 73 million) from European Space Agency (ESA) Member States to the HummingSat ARTES partnership project, through which ESA supports SWISSto12 in the development and in-orbit validation of HummingSat.

The series C financing follows a period of sustained commercial growth for the company, with revenues of USD 140 million (EUR 121 million) for 2025 and total contract values now exceeding USD 500 million (EUR 432 million), driving positive EBITDA in 2026.

To date, SWISSto12 has secured seven contracts for its HummingSat geostationary (GEO) small satellite with leading global satellite operators, including SES and Viasat. The company has also expanded its HummingLink multi-orbit payload and antenna solutions business into low Earth orbit (LEO) constellation customer programs and diverse missions across Europe and APAC. Over 2,000 HummingLink solutions are now deployed in orbit across active space missions.

With this new round, the company is scaling its manufacturing and integration capacity to meet accelerating demand from commercial and sovereign government customers. This demand spans HummingLink – advanced, multi-orbit payload solutions – and HummingSat, SWISSto12’s GEO satellite product line.

The NKF team was led by Corporate/M&A partner Jacques Bonvin, working with associate Boris Catzeflis (Corporate/M&A and Technology).