Morphosis Capital Fund II, a growth capital fund focused on developing high-growth SMEs, supported by Romania Recovery Equity Fund and InvestEU Fund, announces that its portfolio company EnduroSat has inaugurated a new Space Center in Sofia, Bulgaria. The opening of the facility represents a significant step in EnduroSat’s development, enhancing its production capacity and reinforcing its capability to deliver high-performance satellite solutions at scale. This development aligns with Morphosis Capital’s strategy of supporting high-potential companies in achieving international growth and driving innovation across dynamic, high-growth industries.
Alongside the opening of the new Space Center, EnduroSat announced the completion of a new 104 million dollars funding round, which attracted several prominent funds: Riot Ventures, Google Ventures, Lux Capital, the European Innovation Council Fund, and Shrug Capital. The capital raised will enable the company to accelerate its long-term development strategy and strengthen its position in the global space technology market.
“This latest investment, combined with the launch of our new Space Center, marks a pivotal moment. It not only validates our strong market traction but significantly accelerates our ability to deliver highly capable, cost-effective satellite constellations at an unprecedented scale, moving us closer to a future where space data will become universally accessible and instantly available,” stated Raycho Raychev, CEO and founder of EnduroSat.
The new Space Center supports EnduroSat’s transition from a focus on nanosatellites (under 50 kilograms) to the higher-value segment of small satellites (200-500 kilograms), in response to accelerating global demand for constellations. The 17,500-square-meters facility, five times larger than the previous one, includes advanced RF, hardware, and mechanical laboratories, ISO-classified clean rooms, and comprehensive space-qualification capabilities. It enables the production of up to two ESPA-class satellites weighing between 200 and 500 kilograms per day, significantly improving speed, reliability, and cost-efficiency in manufacturing.
“For us at Morphosis, EnduroSat is a flagship example of how a company from our region can successfully scale globally in one of the fastest-growing and most dynamic industries in the world. We are proud to have been among EnduroSat’s early backers, supporting its evolution to a globally recognized space infrastructure company. Our investment contributed to EnduroSat’s transition to the higher-value segment of small satellites and to its expansion across key regional aerospace ecosystems, positioning the company closer to strategic international customers,” said Dragos Petre, Partner & CFO at Morphosis Capital.
EnduroSat develops and operates advanced satellite infrastructure, providing integrated solutions for commercial enterprises, research institutions, and governmental space programs worldwide. By combining hardware, software, and mission operations within a single platform, the company simplifies access to space and enables its partners to deploy complex constellations with greater efficiency and reliability. Earlier this year, the company completed a 43 million euros funding round led by Founders Fund, with the participation of Morphosis Capital and other investors, supporting its continued technological development and international expansion.
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About EnduroSat
EnduroSat is a space infrastructure builder that engineers, builds, and operates exceptional satellites. The company streamlines space missions in LEO (Low Earth Orbit) and beyond, handling every step from mission design to launch and operations. EnduroSat serves 350+ customers globally and employs more than 230 space professionals across 6 locations worldwide. www.endurosat.com
About Morphosis Capital
Morphosis Capital Partners BV is a private equity firm established by four entrepreneurs, Simona Gemeneanu, Gabriela Dumitru, Dragos Petre, and Andrei Gemeneanu. The fund aims to contribute to developing and transforming Romanian and Central European SMEs. The European Investment Fund (EIF), the leading financing platform for European SMEs, co-financed through the Regional Operational Programme, the NextGenerationEU with the financial backing of the Government of Romania under the Romania Recovery Equity Fund and the InvestEU Fund of the European Union, is the anchor investor in Morphosis Capital. International and local institutional investors and entrepreneurs, as well as the founders themselves, are co-investors in the fund. Morphosis Capital invests in high-growth Romanian and CEE companies from sectors such as healthcare, technology, niche manufacturing, consumer products and retail, and B2B services, which have a strong potential for international expansion and an EBITDA between 1 and 5 million euros. Morphosis Capital’s portfolio includes Medima Health, EMI, Cronos Med, Stay Fit Gym, Mark Twain International School, Supermarket La Cocos and EnduroSat. In 2023, the fund completed its first full exit by selling its minority stake in Dr. Leahu Dental Clinics to Regina Maria, followed by full exit from DocProcess to AGENA3000 in 2025.
This operation is funded by the European Union – NextGenerationEU with the financial backing of the Government of Romania under the Romania Recovery Equity Fund
This operation benefits from support from the European Union under the InvestEU Fund
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