Neworbit Space secures £11.5m Series A for very-low Earth orbit satellite technology

Operating satellites at altitudes three times lower than conventional spacecraft is the core focus of Reading-based Neworbit Space Ltd, which has secured an estimated £11.5m in its latest Series A funding round. The company specializes in the design and manufacture of satellites engineered for Very-Low Earth Orbit, specifically targeting altitudes between 180km and 220km.

Founded in 2021, Neworbit Space addresses the technical challenges of operating in lower orbits to provide enhanced Earth observation and global connectivity. Its technology is designed to deliver high-speed, direct-to-device internet services and improved weather prediction capabilities for both governmental and commercial sectors. By positioning hardware closer to the planet, the company aims to achieve higher image clarity and lower latency compared to traditional satellite networks.

This latest £11.5m investment follows a history of capital raises for the Reading firm. Neworbit Space previously raised two tranches of Series A funding, including £4.8m in December 2023 and £1.6m in May 2024. These followed an initial seed round in May 2021, which raised £204.1k at a post-money valuation of £3.2m. The documentation for the current round was filed in May 2026, following an allotment of shares in April 2026.

Internal data and public filings show growth in the company workforce. While financial accounts for the year ended 31 May 2025 recorded 13 employees, current figures from the company professional network profiles indicate the headcount has since reached 29. The business continues to operate from its headquarters in Reading, focusing on the manufacturing of aviation and aerospace components required for its missions.