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Press release - 1 July 2022

New operation carried out: Largillière Finance advises Latitude (ex Venture Orbital Systems) in its €10 million fundraising

The investment bank Largillière Finance advised SpaceTech Latitude (ex Venture Orbital Systems), which specializes in the development of micro-space launchers and rocket engines for nanosatellites, in its fundraising with Crédit Mutuel Innovation, UI Investissement, Audacia and BPI France as well as industrial groups Nicomatic, ADF and COMAT.

Founded in 2019, Latitude is a French startup based in Reims that revolutionizes the development of micro space launchers and rocket engines dedicated to the orbital launch of nanosatellites. Basing the core of its development on metallic 3D printing, it aims to become the world leader in the sector with a first launch planned for 2024.

Latitude has been selected by Blast, France's leading start-up acceleration program in the aeronautics, space and defense (ASD) sectors.

This fundraising, which follows a first seed round of €750,000 in 2020, will allow the company to continue the development and testing of the Navier engine, support the team's growth and continue to develop services associated with nanosatellite launches.

Very active in the French start-up ecosystem, Largillière Finance was able to quickly identify the best partners and facilitate fruitful negotiations.

Paul Bougnoux, President and Founder of Largillière Finance, and Sébastien Aymard, Managing Partner of Largillière Finance Switzerland, said: "We are delighted to have advised Latitude in this transaction, which offers excellent development prospects. This company revolutionizes access to space and aims to become the leader in the New Space sector by 2024. We are proud to have been able to contribute, at our level, to restoring France's sovereignty in orbital launchers".

Stanislas Maximin, CEO and co-founder of Latitude (ex Venture Orbital Systems) added: "We were very quickly in phase with the spirit and values of the Largillière Finance team, which put all its expertise at our service, and by conducting this process in a very agile and fluid manner. We would like to thank them for their support and their involvement, which contributed to the success of this operation and which marks an important step in the development of our business".

 

List of Speakers

Largillière Finance: Paul Bougnoux, Sébastien Aymard
Lawyers:
  • Hogan Lovels:
Gautier Valdiguié
  • Duteil-Avocats:
Benoît Lespinasse
Investors:
  • Credit Mutuel innovation:
Stéphane Simoncini - Maxence Valero
  • Geodesic (Expansion):
Pierre-François Vilgrain
  • UI Investissement:
Elisa Letallec
  • Groupe ADF
  • Nicomatic
  • Comat

With offices in Paris, Lyon, Geneva and Brussels, Largillière Finance is an independent investment bank dedicated to assisting managers and shareholders of small and medium-sized companies with their capital transactions: company sales and acquisitions, financing (capital and/or debt), financial engineering (valuation, etc.) and financial strategy.

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