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The Venture Codex

Spanish Space Agency

C/ José Galán Merino 6, Seville, 41015, Spain

Overview

Spanish Space Agency is an agency of the Spanish government responsible for the Spanish space program.

Total investments
2
Lead investments
1
Investments · 12mo
1
Active investors
0
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Investment portfolio

  • Arkadia Space

    Led · Equity · Feb 2026

    Arkadia Space is developing a hypergolic bipropellant propulsion system using high-concentration hydrogen peroxide and a proprietary green fuel intended to replace toxic propellants like hydrazine. Its technology offers instantaneous ignition on contact and the company says it can reduce operational and refuelling costs by more than 60% versus conventional solutions. Arkadia achieved an in-orbit validation of its DARK propulsion system in March 2025 aboard a D-Orbit satellite launched on a SpaceX mission, marking the first time a hydrogen peroxide-based propulsion system reached space in Europe. The company aims to commercialise the technology soon and is expanding R&D and testing infrastructure to support scale-up. Its recent €14.5M EIC-backed financing package (grant, EIC Fund equity and private investment) supports these commercial and technical plans.

  • Xoople

    Participated · Equity · May 2025

    Founded in 2019, Xoople has developed a tech stack around government-collected spacecraft data and integrations with cloud providers, aiming to operate its own satellite constellation and optical sensors. The company has focused on data quality and embedding its data distribution into enterprise platforms such as Microsoft and Esri. Xoople recently signed a deal with L3Harris Technologies to begin building sensors for its spacecraft and says those systems will collect optical data. The startup faces established competitors that already operate satellites, including Vantor, Planet, BlackSky, and Airbus. Financially, Xoople has raised $225 million to date, including a $130 million Series B led by Nazca Capital. Management has said it continues to raise capital to fund full development and declined to disclose a valuation, noting they are “in unicorn territory.”

Team

No current team members are available.