The financing comes after Kleos’ successful KSM1s launch, on 7 November. “Kleos is now well financed to execute a launch of the second cluster of satellites, Polar Vigilance mission (KSF1) in mid-2021, and to develop its third cluster of satellites (KSF2), targeted to be in orbit before the end of 2021,” the firm said in a press statement issued on Wednesday.

Firm CEO Andy Bowyer said he was pleased that his company’s potential had been recognised by professional investors.

Kleos, which was founded in 2017, is a space-powered Radio Frequency Reconnaissance data provider, offering activity-based intelligence and data as a service.