Fenwick Represents Loft Orbital in $170M Series C Funding

Fenwick represented Loft Orbital, a space infrastructure company, in its $170 million Series C funding. The round was co-led by Tikehau Capital and Axial Partners with participation from Bpifrance, Foundation Capital, Temasek, and Uncork Capital.

Loft Orbital will use the funds to scale satellite launches, expand its virtual missions, and grow its AI business—allowing customers to create AI systems in their own cloud and deploy them onto a Loft satellite. More information can be obtained from the company announcement.

The Fenwick transaction team was led by corporate partner Jordan Roberts and included associates Joon Hwan Kim, Leeza Soulina, Alexej Ladonnikov, Siobhan McGurk, and Jazmin Perez.