Latest The Exploration Company news, funding rounds and robotics & AI coverage. $450M raised. 1 article tracked by The Robotics Media.
The Exploration Company (TEC) is a Munich-headquartered European space startup founded in July 2021 by Hélène Huby, a French former Airbus and ArianeGroup executive, together with a team of engineers who had worked on the Orion service module and the ATV cargo vehicle. TEC operates across Germany, France, Luxembourg, Spain and Italy.
The company is building Nyx, a modular, reusable capsule designed to carry cargo (and later crew) to low Earth orbit, and Storm, a methane-oxygen full-flow staged combustion engine intended for Europe's next heavy-lift launcher. In September 2026 TEC closed a $450 million Series C — the largest ever raised by a European space company — co-led by Bessemer Venture Partners, Atomico and the EQT-managed Scaleup Europe Fund.