D-Orbit SpA announced that it has received ?100 million in funding from Marubeni Corporation, Seraphim Space Llp, United Ventures SGR S.p.A, Indaco Venture Partners SGR SpA, Primo Ventures SGR S.p.A.
January 10, 2024
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On January 11, 2024, D-Orbit SpA closed the transaction. The company has raised more than ?100 million in round of funding. The transaction included the participation from returning investors Seraphim Space Investment Trust Plc, a fund managed by Seraphim Space (Manager) Llp, United Ventures SGR S.p.A, Indaco Venture Partners SGR SpA and Primo Ventures SGR S.p.A.
Marubeni Corporation is a diversified group organized primarily around 12 business segments:
- sale of agricultural products and related services (47% of net sales): sale of agricultural inputs (crop protection products, fertilizers, seeds, etc.), precision farming services, formulation of crop protection products, export of cereals and oilseeds, etc.;
- sale of food products (17.6%);
- production and distribution of oil, gas, alternative energy and electricity (10.4%);
- production of chemicals and petrochemicals (6.4%);
- production of metals and mineral resources (4.9%);
- sale and financing of industrial and construction machinery and equipment (4.6%). The group also develops car sales and tire distribution activities;
- sales of consumer electronics (4.3%). In addition, the group develops real estate development and management activities;
- sale of forest products (2.3%): wood chips and biomass fuel, pulp and waste paper, paper, paperboard, hygiene products, building & construction materials and wood products;
- sale of apparel, accessories, textile and lifestyle products (1.1%);
- management and operation of aircraft and ships (1%);
- development of energy production units and industrial installations (0.3%);
- finance and leasing (0.1%): auto finance, aircraft leasing, aircraft engine leasing, leasing and renting of refrigerated trailers, commercial vehicles and commercial freight railcars, etc.
Net sales are distributed geographically as follows: Japan (37.2%), the United States (42.5%)
D-Orbit SpA announced that it has received ?100 million in funding from Marubeni Corporation, Seraphim Space Llp, United Ventures SGR S.p.A, Indaco Venture Partners SGR SpA, Primo Ventures SGR S.p.A.