Vaud Switzerland based Destinus SA, whose mission is to build near-space vehicles and infrastructure to power the world’s fastest and cleanest transportation network, announced the closing of a seed round of USD 29 million. Various venture funds and family offices from Europe, North America, Latin America, and Asia participated in the financing round. Conny & Co, Quiet Capital, One Way Ventures, Liquid2 Ventures, Cathexis Ventures, ACE & Company, among others. Leading Swiss law firm Walder Wyss acted as legal advisor on the transaction.Destinus plans to use the funding to continue the development of our hydrogen air breathing and rocket engines and test the first supersonic flights powered by hydrogen engines in the next 12-18 months. Destinus has already made significant progress and have designed and filed patents for the unique subsystems, such as a hydrogen active cooling system, enabling a highly reusable hyperplane flying at almost the speed of a rocket.Destinus is headquartered in Canton Vaud, Switzerland, and has offices and facilities in Munich, Madrid, and Toulouse. The company has a team of more than 50 motivated and qualified engineers and managers from Arianespace, Boeing, Airbus, ESA, DLR, Dassault Aviation, Rolls-Royse, Safran, and other aerospace companies. The company plans to grow up to 100 people in 2022 to complete an extensive R&D and flight program.
Vaud Switzerland based Destinus SA, whose mission is to build near-space vehicles and infrastructure to power the world’s fastest and cleanest transportation network, announced the closing of a seed round of USD 29 million. Various venture funds and family offices from Europe, North America, Latin America, and Asia participated in the financing round. Conny & Co, Quiet Capital, One Way Ventures, Liquid2 Ventures, Cathexis Ventures, ACE & Company, among others. Leading Swiss law firm Walder Wyss acted as legal advisor on the transaction.Destinus plans to use the funding to continue the development of our hydrogen air breathing and rocket engines and test the first supersonic flights powered by hydrogen engines in the next 12-18 months. Destinus has already made significant progress and have designed and filed patents for the unique subsystems, such as a hydrogen active cooling system, enabling a highly reusable hyperplane flying at almost the speed of a rocket.Destinus is headquartered in Canton Vaud, Switzerland, and has offices and facilities in Munich, Madrid, and Toulouse. The company has a team of more than 50 motivated and qualified engineers and managers from Arianespace, Boeing, Airbus, ESA, DLR, Dassault Aviation, Rolls-Royse, Safran, and other aerospace companies. The company plans to grow up to 100 people in 2022 to complete an extensive R&D and flight program.
