Riga-based SpaceTech startup Deep Space Energy has raised a total of €930k to advance the development of its next-generation radioisotopic power generator toward commercialisation.
The funding includes a €350k pre-Seed round led by our client Linas Sargautis, angel investor and former co-founder of NanoAvionics, together with Outlast Fund and other investors. The company has also secured an additional €580k through public contracts and grants from the European Space Agency (ESA), NATO DIANA, and the Latvian government.
Our client Linas Sargautis, who is also joining the Deep Space Energy team as an advisor, noted:
“The Baltic region is increasingly recognised for its innovation in space technology, with Deep Space Energy serving as another strong example. By supporting Deep Space Energy, we are helping to establish a solid foundation for the future of space frontier exploration, such as lunar and deep-space missions, expanding humanity’s knowledge and footprint, while also contributing to European space defence capabilities.
“I am proud to support the company’s journey by strengthening the team’s connections with leading space systems integrators, as well as supporting the company’s expansion and contracting plans to build the necessary expertise at the subsystem integration level.”
Founded in 2022, Deep Space Energy is developing a next-generation radioisotopic power system designed to strengthen European space and defence sovereignty, enhance satellite resilience against non-kinetic threats, and enable long-duration lunar surface missions.
We are proud to see innovative companies in the region contributing to Europe’s strategic autonomy and the future of space exploration.
Paulius Dabulskis, Associate Partner at TEGOS, advised investor Linas Sargautis on all legal matters related to this investment.
