IENAI Space — Series A · €3.9M

Madrid spacetech IENAI Space raised €3.9M led by GED Conexo Ventures in a co-investment with Spain's CDTI Innovación (which committed €450,000), alongside Inveready, WA4STEAM and DPM. The round takes total funding to €7M and funds commercialisation of ATHENA, its modular electrospray propulsion system for satellites under 300kg; the round was not formally labelled by the company, but databases classify it as a Series A.