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Thiel Fund Backs $49 Million Bet on Bulgaria’s EnduroSat
Peter Thiel’s Founders Fund is adding to its space portfolio by leading a €43 million ($49 million) investment in EnduroSat, a Bulgarian manufacturer of satellites.
Peter Thiel’s Founders Fund is adding to its space portfolio by leading a €43 million ($49 million) investment in EnduroSat, a Bulgarian manufacturer of satellites. The startup, based in Bulgaria’s capital of Sofia, will use the money to increase next-generation satellite production and open a new manufacturing facility, according to a statement from EnduroSat.
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