TGS Baltic has advised the investors, including Scale Wolf VC and Linas Sargautis, on participating in Vilnius-based Blackswan Space's EUR 760,000 pre-seed funding round.
Blackswan Space is a space tech start-up developing software products for space & defense missions. According to the firm, "since 2019, Blackswan Space has pioneered autonomous space technologies in collaboration with the European Space Agency and commercial partners." The company will use the funding to grow its engineering staff, accelerate product development, and scale its commercial activities.
Blackswan Space's Mission Design Simulator "enables customers to simulate complex spacecraft maneuvers for in-orbit servicing, object retrieval missions, space domain awareness, or simulating satellite constellations in real time. The Vision Based Navigation hardware payload, running proprietary algorithms, enables spacecraft to perform autonomous navigation maneuvers when control from the ground is not possible," TGS Baltic reported.
"With the new infusion of capital, the company is well positioned to accelerate MDS and VBN development and commercial activities in 2024, preparing for in-orbit demonstration of its core technologies in the next few years – all part of the bigger picture to support the exponential growth of the in-space economy," the firm announced.
The TGS Baltic team was led by Senior Associate Paulius Dabulskis.
TGS Baltic did not respond to our inquiry on the matter.
