When was NanoAvionics founded?

NanoAvionics was founded in 2014 and raised its 1st funding round 2 years after it was founded.

Where is NanoAvionics located?

NanoAvionics is headquartered in Vilnius, Lithuania.

Who is the current CEO of NanoAvionics?

Vytenis Buzas and Brent Abbott s of NanoAvionics.

How many employees does NanoAvionics have?

As of Jul 01, 2024, the latest employee count at NanoAvionics is 122.

Is NanoAvionics a funded company?

NanoAvionics is a funded company, having raised an undisclosed amount across 7 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on Mar 01, 2016.

How much is NanoAvionics worth?

The last known valuation of NanoAvionics was $***** as of Jul 05, 2022.

When was the latest funding round of NanoAvionics?

NanoAvionics' latest funding was a $***** Grant (prize money) round on Jun 25, 2020, with participation from 1 investor.

Where does NanoAvionics rank among its competitors?

NanoAvionics ranks 7th amongst 170 active competitors, of which 28 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Reflex Aerospace, which secured $57.6M in Nov, 2025.

Who are the top competitors of NanoAvionics?

NanoAvionics' top competitors include Terran Orbital, Apex and ReOrbit. Among them, Reflex Aerospace secured the most recent funding round in November, 2025.

NanoAvionics - 2026 Company Profile, Team, Funding & Competitors

NanoAvionics is an acquired company based in Vilnius (Lithuania), founded in 2014 by Vytenis Buzas. It operates as a Developer of nano-satellite buses. NanoAvionics has raised an undisclosed amount in funding, with last known valuation of $*****. The company has 170 active competitors, including 28 funded and 16 that have exited. Its top competitors include companies like Terran Orbital, Apex and ReOrbit.

Company Details

NanoAvionics is a developer of nano-satellite buses. It has various inhouse satellite bus including 16U nanosatellite bus M16P, 12U nanosatellite bus M12P, 6U nanosatellite bus M6P, and 3U nanosatellite bus M3P. It also develops various subsystems such as the CubeSat electrical power system, CubeSat GaAs solar panel, CubeSat propulsion system EPSS, CubeSat S-Band transceiver and many others.

Website: nanoavionics.com
Social
Email ID: *****@nanoavionics.com
Phone Number: +370 **********

Key Metrics

Founded Year

2014

Location

Vilnius, Lithuania

Stage

Acquired

Latest Funding Round

Grant (prize money), Jun 25, 2020, $*****

Last Known Valuation

$***** as on Jul 05, 2022

Investors

ESA & 3 more

Ranked

7^th among 170 active competitors

Employee Count

122 as on Jul 01, 2024

Similar Companies

Terran Orbital & 189 more

Exit Details

Acquired by Kongsberg (Jul 05, 2022)

View NanoAvionics' full profile

NanoAvionics got acquired by Kongsberg on Jul 05, 2022.

Click here to take a look at NanoAvionics's acquisition in detail

NanoAvionics has raised funding over 7 rounds. Its first funding round was on Mar 01, 2016. Its latest funding round was a Grant (prize money) round on Jun 25, 2020 for $*****. 1 investor participated in its latest round. NanoAvionics has 4 institutional investors.

Here is the list of recent funding rounds of NanoAvionics:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 25, 2020	7237187	Grant (prize money)	2697004	3631222	1245410	8113757
May 31, 2019	5810767	Grant (prize money)	5796726	3220576	5216056	EIC Fund
May 01, 2019	3880005	Grant (prize money)	4599017	8432620	1427329	Europa

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View details of NanoAvionics's funding rounds and investors

The founders of NanoAvionics is Vytenis Buzas. Brent Abbott is the CEO of NanoAvionics.

Here are the details of NanoAvionics' key team members:

Vytenis Buzas: Co-Founder & CEO of NanoAvionics and founder of 1 other company.
Brent Abbott: CEO of NanoAvionics.
Contact Info: 3 email addresses

View details of NanoAvionics's Founder profiles and Board Members

NanoAvionics' employee count trend

NanoAvionics has 122 employees as of Jul 24. Here is NanoAvionics's employee count trend over the years:

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Top competitors of NanoAvionics include Terran Orbital, Apex and ReOrbit. Here is the list of Top 10 competitors of NanoAvionics, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Terran Orbital 2013, Irvine (United States), Acquired	Provider of hardware for satellites	$144M	Goldman Sachs Investment Partners, Beach Point Capital Management ... & 9 others	73/100
2nd	Apex 2022, Los Angeles (United States), Series D	Manufacturer of configurable satellite platforms designed for various mission requirements	$518M	Andreessen Horowitz, 8VC & 21 others	66/100
3rd	ReOrbit 2019, Helsinki (Finland), Series A	Manufacturer of sovereign satellites and connected systems for national security	$60.2M	Springvest, Inventure & 10 others	65/100
4th	Blue Canyon Tech 2008, Boulder (United States), Acquired	Developer of satellites and spacecraft	-	-	62/100
5th	XDLINX 2022, Hyderabad (India), Seed	Developer of satellite platforms for intelligence, surveillance, and reconnaissance missions	$7.22M	Lucky Investment Managers, Mana Ventures & 5 others	62/100
6th	EnduroSat 2015, Sofia (Bulgaria), Series B	Manufacturer of small satellite platforms, components, and related space services	$167M	Freigeist Capital, Founders Fund & 14 others	60/100
7th	NanoAvionics 2014, Vilnius (Lithuania), Acquired	Developer of nano-satellite buses	-	ESA, Startup Scaleup & 2 others	60/100
8th	NaraSpace 2015, Busan (South Korea), Public	Manufacturer of nano satellites	$24.3M	Shinhan Venture Investment, Korean Development Bank ... & 12 others	59/100
9th	Quantum Space 2022, Rockville (United States), Series A	Developer of maneuverable spacecraft for defense and commercial on-orbit missions	$57M	Sporos, Prime Movers Lab & 1 others	57/100
10th	Reflex Aerospace 2021, Berlin (Germany), Series A	Provider of custom-built satellite platforms designed for rapid deployment in LEO	$66.9M	humanelementvc.com, Renovatio Financial Investments ... & 6 others	57/100