€2.5 Million round secured and Astronaut Paolo Nespoli welcomed to the Advisory Board
Involve closed a €2.5M Seed round to boost growth, with astronaut Paolo Nespoli and ex-Google Loon CEO Alastair Westgarth joining the team. Featured in Ansa, Fortune Italia, and Forbes.
Government visit to discuss governmental applications of our technologies
We welcomed Simone Guanziroli and Daniele Pozzi from the Presidenza del Consiglio dei Ministri to discuss our stratospheric technologies and their applications in science, security, and environmental monitoring.
Italian Tech Week: Jonathan met OpenAI’s CEO Sam Altman
This report contains confidential and proprietary information intended solely for the use of the individuals or entities to whom it is addressed. By accessing and reading this document, you acknowledge and agree to maintain the confidentiality of the information contained herein. Any disclosure, distribution, copying, or use of this information without the express written consent of Involve Space is strictly prohibited. Unauthorized dissemination or sharing of this information may constitute a violation of applicable laws and company policies, potentially resulting in legal action and/or disciplinary measures. Please ensure that you handle this information responsibly and in accordance with all relevant confidentiality agreements and regulations.
- Remove the current class from the content27_link item as Webflows native current state will automatically be applied.
- To add interactions which automatically expand and collapse sections in the table of contents select the content27_h-trigger element, add an element trigger and select Mouse click (tap)
- For the 1st click select the custom animation Content 27 table of contents [Expand] and for the 2nd click select the custom animation Content 27 table of contents [Collapse].
- In the Trigger Settings, deselect all checkboxes other than Desktop and above. This disables the interaction on tablet and below to prevent bugs when scrolling.
Sales
LOIs / Formal meetings of interest:
2 New ones:
- Italian State understanding for governmental applications of our technologies.
We had the pleasure of hosting Simone Guanziroli and Daniele Pozzi from the Presidenza del Consiglio dei Ministri at our headquarters. The visit focused on our stratospheric technologies and their applications in science, security, and environmental monitoring.ia Space formal sales meeting for satellite components testing and tender collaboration on defence applications
We are currently working on two project proposal:
- 1. Educational project for schools, powered by the Presidency, through our Da Vinci Caelum kit
- Satellite communication experimentation for the Italian State, thanks to the agreement signing with Starlink to brought fast connectivity on our territory. The purpose is to use stratospheric balloons as a relay for satellite communication to improve its coverage and performance
CEO Jonathan and CTO Rocco with Simone Guanziroli and Daniele Pozzi from the Presidenza del Consiglio dei Ministri at Involve Space HQ
- Creation of a consortium with Welding and ADS International for the presentation of a project into the NATIONAL MILITARY RESEARCH PLAN (PNRM)
The Resilience Project outlined in the uploaded document aims to develop an Integrated Stratospheric Communication System for military use. The core of the project involves the use of stratospheric balloons equipped with phased array antennas for communications in the Ka, Ku, and X bands, with possible extensions to UHF and VHF. This system is presented as an alternative solution for military communication and surveillance, offering operational autonomy while reducing dependence on satellite infrastructures, which are vulnerable to various geopolitical and military risks.The project is inspired by the concept of resilience, drawing a parallel to the Roman legions' ability to adapt and reorganize under pressure. Similarly, the proposed communication system aims to ensure operational continuity even if satellites are compromised.
Key objectives:
- Autonomous military communications: The balloons operate at altitudes of 20-30 km, offering immediate coverage and reducing the risks associated with exclusive reliance on satellites.
- Knowledge generation: The project aims to distribute technological expertise among small enterprises, fostering resilient innovation even in challenging economic situations.
- Strategic alternative: Stratospheric balloons provide a flexible, easily deployable, and cost-effective solution that can integrate with existing ground infrastructures.
The total estimated value of the Resilience Project (including Involve and other partners) ranges between €2,5 M and €3,5 M, depending on additional operational costs and security measures considered.
A first official presentation to the Defense Ministry is planned for October 31st.
MoUs:
In Progress:
- Planetek Italia: leader supplier for Earth monitoring online platform using satellite images.We’ll integrate our remote sensing datas into their platform and we’ll present an open call tender to ESA to work on the post-processing of such datas.
Contracts:
In Progress:
- MBDA: defence communication relay, negotiating a PoC to proceed with the contract signature
Important Note
Despite the numerous opportunities currently in closing and a robust pipeline, it is reasonable to highlight that the contracting processes are progressing more slowly due to the fact that the clients we are finalizing agreements with are large, structured companies with significant budgets and complex processes. Moreover, it is evident that the 2024 revenue plan, already delayed by the slower-than-expected investment round closure, may end up with lower-than-forecasted turnover. This is because it is plausible that some clients currently in the contracting phase may shift their deals to early 2025, thus contributing to next year's revenues. This is a realistic and honest estimate, especially considering that there are only two months left before the holiday break, which means companies of this scale may slow down their experimental projects and push them into the new year.
Costs
Quarter Burn: € 256.017,41 due to outstanding payments from suppliers due to the delay in closing the seed investment round
Runway YTD with the month burn average: 15,2 months
Runway with seed investment round injection (2.5M€): 16 months (January 2026)
Cost Detail
Based on an month burn rate average of € 128,241:
Budgeting
Total Budgeting before series A
18 months runway budgeting
As part of our strategic planning and financial forecasting, we're pleased to share our comprehensive budgeting overview for the upcoming 18 months. This document meticulously outlines how funds will be allocated across various key areas including, but not limited to, new hires to bolster our team's capabilities, procurement of essential supplies and materials to support our operations, and investments in technology and infrastructure to fuel our growth. Each category has been carefully considered to align with our overarching objectives and to ensure that we continue to innovate and lead in our sector.
18 months budgeting (Aug 24 - Dec 25)
2024-2029 Financial plan
Furthermore, we are also attaching our updated financial plan for Involve Space, extending up to the year 2029. This plan presents a detailed projection of our expected revenue streams and associated costs, offering a clear vision of our financial trajectory over the next decade. It reflects our commitment to sustainable growth, operational efficiency, and our strategic goals of expanding our market reach and enhancing our service offerings. These documents collectively provide a transparent view of our financial planning and strategic priorities, underscoring our dedication to accountability and long-term success.
Both attachments serve as vital components of our strategic financial planning, laying the groundwork for informed decision-making and strategic investments. We invite our stakeholders to review these documents to better understand our financial strategies and projections, and how they contribute to the long-term vision and success of Involve.
We are interested in
your feedback!
Go to the last page of the report to leave your feedback and questions