Poland’s Thorium Space secures €900k from Smartlink Partners

Polish satellite manufacturer Thorium Space has secured almost €900,000 (PLN 4 million) in financing from Smartlink Partners. This is the first investment for the fund co-created by Polish entrepreneurs, My Company Polska reports.

• Founded in 2017 by Paweł Rymaszewski, Thorium Space is a designer and builder of satellite telecommunications systems. The company develops microwave arrays using the AESA technology in the Ku, Ka, and E-Band radio bands. It also produces ready-made telecommunications modules for use in various LEO/MEO/GEO orbits.

“The Smartlink Partners fund is another large investor that joins the group of shareholders of Thorium Space. Thanks to the obtained funds we will be able to intensify the commercialization of our products on international markets, especially in Europe, while cooperating with global players in the Space industry,”

Paweł Rymaszewski, founder and CEO of Thorium Space, comments.

• Smartlink Partners is a new venture capital fund co-founded by Polish entrepreneurs Bartlomiej Kurylak and Pawel Szydlowski. It aims to support SaaS, AI software, marketplace companies, operating in the industries of renewable energy, spacetech, and greentech.
• The fund focus on the development phases from seed, through growth, to round A, investing up to €2 million in such startups. Thorium Space is the first investment for the fund.