About Spaceit
Spaceit is an Aerospace, Defense & Maritime company based in Tartu (Estonia) founded in 2015 by Mihkel Jalakas. It operates as a cloud-based mission control solutions for satellite ground stations are provided. It operates in the Aerospace, Defense & Maritime and Telecommunications sectors. Spaceit has raised $1.18 million across 4 funding rounds from investors including European Union, Icebreaker.vc and EIC Fund. The company has 7 employees. Its chief executive is Silver Lodi. Its focus areas include Aerospace, Maritime and Defense Tech, NewSpace, Network Operators and Ground Stations. Its legal entity is SPACEIT OÜ. Its competitors include RingCentral, Dialpad, Fuze, Metaswitch and Weave and 5 more; 9 of its 10 listed competitors have raised funding.
Company details
Spaceit was founded in 2015 in Tartu, Estonia, focusing on the space technology sector. Cloud-based software is offered to enable satellite telemetry viewing via mobile devices. Mission control services are provided, granting access to a global network of ground stations. Professional satellite control and consultation are available, alongside brokerage for ground stations that connects operators with providers. Assistance is given in sourcing, purchasing, and selling radio communication systems.
- Headquarters Tartu, Estonia
- Employees 7
- Founders Mihkel Jalakas
- SectorsAerospace, Defense & MaritimeTelecommunications
- Email••••••••
- Website spaceit.eu
- Social LinkedIn X Facebook
- Legal Name Spaceit Oü
- Annual Revenue$205.19 K (USD)45as on Dec 31, 2022
- Net Profit$77.84 K (USD)344as on Dec 31, 2022
- Total Equity Funding$1.18M (USD)
in 4 rounds
- Latest Funding Round$1.18M (USD), Seed
Aug 2021
- InvestorsEuropean Union
& 2 more
- Employee Count7
Funding Insights of Spaceit
Spaceit has successfully raised a total of $1.18M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $1.18 million completed in August 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.18M
- Total Rounds 4
- Last Round Seed — $1.18M
- First Round $53,070
(Jan 2017)
- Investors Count 3
All 4 funding rounds of Spaceit with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2021 | $1.18M | Seed | – | Icebreaker | – |
| May 2018 | $58,038 | Grant | – | – | |
| Dec 2017 | $59,476 | Grant | – | – | |
| Jan 2017 | $53,070 | Grant | – | – |
3 investors in total: 3 institutional.
Investors in Spaceit
Spaceit has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include European Union, Icebreaker.vc and EIC Fund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Seed and early-stage tech investments are targeted in Finland. | – | icebreaker.vc | Helsinki, Finland | |
Government agency and accelerator focusing on innovative startups and SMEs | – | eicfund.eu | Brussels, Belgium | |
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium |
Investor details for Spaceit
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People of Spaceit
7 people are tracked at Spaceit (3 in leadership, 4 in team); the tracked headcount is 7.
| Name | Role | Group |
|---|---|---|
Mihkel Jalakas | Co-Founder | Leadership |
Silver Lodi | CEO | Leadership |
Lauri Kimmel | CTO | Leadership |
Ivalo Pajumets | Software Developer | Team |
Joosep Sisas | Software Engineer | Team |
Marko Kurm | Software Developer | Team |
Alina Altpere | Software Developer | Team |
Complete people profiles for Spaceit
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Timeline of Spaceit
3 dated milestones of Spaceit across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Spaceit is founded.
- Funding First funding round of $53K.
- Funding Latest funding round, Seed, of $1.2M.
Competitors of Spaceit
Spaceit has 10 listed competitors in our database, 9 of them funded. They include RingCentral, Dialpad, Fuze, Metaswitch and Weave, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ringcentral.com | 1999 | Belmont, United States | $44M | 4,084 | Cloud-based unified communication solutions are offered to diverse sectors. | |
| dialpad.com | 2011 | San Ramon, United States | $475.91M | 119 | Cloud-based unified communication solutions including voice and video are provided. | |
| fuze.com | 2006 | Boston, United States | $542.81M | 771 | Fuze, under 8x8, Inc., is recognized for providing cloud-based communication and customer experience solutions. | |
| metaswitch.com | 1981 | London, United Kingdom | – | 833 | SoftSwitch and VOIP solutions are provided for cloud-based communication networks. | |
| getweave.com | 2008 | Provo, United States | $156.09M | 922 | Omnichannel software is delivered for customer engagement in healthcare businesses. | |
| simpplr.com | 2014 | Milpitas, United States | $118M | – | An AI platform is utilized for connecting employees across organizations. | |
| skype.com | 2002 | Luxembourg | $26.81M | – | VoIP software for internet video chats and calls is offered. | |
| mitel.com | 1973 | Ottawa, Canada | $1.01M | 430 | Unified communication platforms are managed via cloud-based systems. | |
| lumapps.com | 2012 | – | $102M | – | Cloud-based employee communication platform is provided for internal collaboration. | |
| avaya.com | 2000 | Durham, United States | $400.88M | 1,337 | Cloud-based unified communication software is delivered for businesses. |
Detailed competitors of Spaceit
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Top companies in Space Research & Technology
10 companies that operate in the same segment as Spaceit (Space Research & Technology), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI-based software suites are developed for navigation applications. | 1893 | Paris, France | – | USD 26.01 B | 83,020 | |
Cloud-based satellite imagery data and analytics solutions are provided. | 2010 | San Francisco, California, United States | USD 601.59 M | USD 307.73 M | 1,749 | |
Astra is engaged in providing space launch services. | 2016 | Alameda, California, United States | USD 136.93 M | – | – | |
Reusable launch vehicles for large payloads are developed and launched. | 2002 | Hawthorne, California, United States | USD 11.86 B | USD 18.67 B | 20,833 | |
Reusable launch vehicles for small satellite payloads are provided. | 2006 | Long Beach, California, United States | USD 215 M | USD 436.21 M | 2,100 | |
Provider of space launch services using Vikram series launch vehicles | 2018 | Hyderabad, Telangana, India | USD 150.87 M | USD 3.39 M | 924 | |
Satellite-based imaging solutions are provided using synthetic aperture radar. | 2016 | Palo Alto, California, United States | USD 233.99 M | – | 191 | |
AI and microsatellite-based imaging solutions are developed for data monitoring. | 2014 | Espoo, Uusimaa, Finland | USD 1.25 B | USD 111.51 M | 1,156 | |
Satellite hardware is provided for space data constellations. | 2013 | Irvine, California, United States | USD 136 M | – | – | |
Private aerospace manufacturing and commercial launch solutions are provided. | 2017 | Chennai, Tamil Nadu, India | USD 72.14 M | – | 241 |
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Related news about Spaceit
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Frequently Asked Questions about Spaceit
Spaceit was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Spaceit is headquartered in Tartu, Estonia.
Silver Lodi is the current CEO of Spaceit.
Spaceit is a funded company, having raised a total of $1.18M across 4 funding rounds to date. The company's 1st funding round was a Grant of $53.07K, raised on Jan 2017.
Spaceit has 7 employees.
Annual revenue of Spaceit is $205.19K as on Dec 31, 2022.
Spaceit was founded in 2015 in Tartu, Estonia, focusing on the space technology sector. Cloud-based software is offered to enable satellite telemetry viewing via mobile devices. Mission control services are provided, granting access to a global network of ground stations. Professional satellite control and consultation are available, alongside brokerage for ground stations that connects operators with providers. Assistance is given in sourcing, purchasing, and selling radio communication systems.
Spaceit's top competitors include Dialpad, RingCentral and Weave.
Spaceit has 3 investors. Key investors include European Union, Icebreaker.vc, and EIC Fund.
Spaceit operates through Spaceit Oü.