Blackswan Space raises €2.5M to take autonomous spacecraft navigation into orbit

What happened

Lithuania’s Blackswan Space, has successfully closed its second investment round, led by Iron Wolf Capital, raising €2.5 million. Together with the company’s pre-seed round (an early stage of company funding), its total funding now amounts to €3.2 million.

Other investors included Lemonade Stand and former NanoAvionics co-founder Linas Sargautis – all previous investors of Blackswan – as well as NGL Ventures and Tomas Žalandauskas, who also founded multiple successful high-tech companies in Lithuania. Blackswan has grown from two technical experts into a dedicated team of 25 people across Vilnius, London, and Denver.