Orbital Systems raises $ 23 million in a recent investment round. The investment will be used to accelerate expansion. Moll Wendén was Orbital Systems’ legal advisor.
At the end of January, Orbital Systems announced that they had raised an additional $ 23 million in its latest investment round. In addition to previous investors, a number of companies active in the real estate industry have also participated (such as K2A, M2 Asset Management, Stena, Polar Growth and Vatio). Orbital Systems was started in Malmö in 2012 and manufactures an energy-efficient shower system.
The investment will be used to increase the rate of expansion and to develop the product offering.
Moll Wendén has been Orbital Systems’ legal advisor through lawyer David Klose.