Hélène Huby, co-founder and CEO of TEC, says, "This significant raise is a reflection of not only the talent and commitment of the team at TEC but also that building global companies with European roots can only be done through fostering trust and cooperation between European countries. 98 percent of our shareholders are European, demonstrating that the continent can finance bold entrepreneurs."
Huby states, "Over the past 12 months, we have hit major operational and financial milestones and signed significant service contracts with both space agencies and commercial clients. This new funding is the next step in scaling up our ambitions and I'm delighted to welcome Plural, Balderton Capital, NGP Capital and Bessemer to our journey, alongside our previous investors."
Huby emphasizes the broader vision, noting, "Space will play a critical role in shaping humanity's future, and I want to contribute to building a future which is peaceful and cooperative and our European DNA fits perfectly with this mission."
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