Leaf Space announced extending its Series A financing round with €2 million from Primo Space.

Leaf Space, a Milan, Italy-based microsatellites company, announced that it secured a €2 million ($2.4M) capital investment round.

The money was raised from Primo Space, the investment fund of Primomiglio, and represents an extension of the €3 million Series A round announced in 2020 and led by Whysol Investments. Proceeds will be used to further develop its ground segment services for microsatellite operators in the NewSpace economy and globally scale up its business.

Leaf Space, founded in 2014 by Jonata Puglia (CEO), Michele Messina and Giovanni Pandolfi, provides Ground Segment services for microsatellites, with the vision to build a “listening” network for microsatellites that could provide innovative and efficient services to satellite operators in the collection of data on the ground. The strategy of outsourcing the ground segment allows satellite operators to significantly reduce development and management costs by using the Leaf Line and Leaf Key services provided by Leaf Space.

The ground segment services of Leaf Space currently support over 15 customers such as Astrocast, Pixxel, Virgin Orbit, D-Orbit and many others around the world. They use Leaf Space’s services to expand and consolidate their business, together with other important institutional customers such as the European Space Agency (ESA), Telespazio-Leonardo and the Indian Space Agency (ISRO).

Prior to this series A round, Leaf Space raised about €5 million more in outside funding.