Share My Space raises €10m Series A, rebrands to Aldoria

The tracking company – which advises space operators on real-time collision threats – also rebranded to become Aldoria, which is a former name of the Pleiades nebula

The latest investors included Starquest Capital, the European Innovation Council Fund, and the French State, through its “Deeptech 2030” fund managed by Bpifrance, Expansion Ventures, Space Founders France, and Wind Capital.

The latest round brought the total amount of investment in the company to €22m to date.

It aims to expand its network of optical surveillance stations, on four continents, from six to 12 stations by 2025. Aldoria also plans to “develop and refine a multi-sensor approach to address more customer use cases through data fusion”.

“We have been striving for half a decade to make Earth orbits recognised as part of our environment,” said Romain Lucken, CEO of Aldoria. “More and more people in the space community and beyond have become aware of the space debris issue.”

“We are very happy that orbital environment protection is now supported by green finance, and we are therefore particularly proud of our partnership with Starquest Capital through their Protect Article 9 fund, with the continued support of our existing shareholder Expansion Ventures, as well as several public investors.”

Aldoria

The number of active satellites in low Earth orbit is expected to grow from 9,000 today to 40,000 in 2030, highlights the company. Its orbital information system has generated 230,000 independent measurements on 5,000 objects and anticipated 30 million “close approaches” between space objects in 2023, it reports.

The wide-view optical system is capable of detecting large amounts of small objects, including stealth satellites, according to the company.

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