Cornet Vincent Ségurel assists lenders in raising funds for Unseenlabs

Published on 03 april 2024

Unseenlab completes record financing round for a French New Space company. The Rennes-based company specialising in maritime surveillance from space is raising €85 million to accelerate its development. 

This new contribution, which comes after the company had already raised €27.5 million since its creation in 2015, comes from its historical shareholders (360 Capital, Omnes Capital Venture, Breizh Up, S2G Venture) as well as from new investors who are entering the capital: Supernova Invest, Isalt and Unexo.

Part of the contribution is also made up of bank financing arranged by Crédit Agricole d'Ille-et-Vilaine and Banque Populaire Grand Ouest and granted by a pool of banks including Crédit Agricole d'Ille-et-Vilaine, Banque Populaire Grand Ouest CIC Ouest, Caisse d'Épargne et de Prévoyance Bretagne - Pays de Loire and Caisse de Crédit Mutuel de Saint-Grégoire.

Unseenlabs, a company based in France founded in 2015 by the Galic brothers, is a world leader in maritime surveillance using proprietary satellite detection and geolocation technology for radio frequency signals emitted by ships. This technology enables ships to be precisely geolocated from space. Unseenlabs works with dozens of customers around the world on a wide range of issues: securing maritime zones, protecting the seabed, tracking ships, combating piracy, etc. To date, the Unseenlabs constellation has 11 satellites in orbit. The company aims to deploy 10 additional satellites before the end of 2025.

This new round of financing will enable Unseenlabs to step up its technological innovations and broaden its range of services, while strengthening its position as world leader in the field of RF signal detection.

technological innovations and broaden its range of services, while strengthening its position as world leader in the field of RF signal detection.

A team from Cornet Vincent Ségurel, led by partner André Watbot, assisted the banks in arranging the financing.


Unseenlabs: Clément Galic, Jonathan Galic

Purchasers :

- ISALT: Laurent Piccoli, Nicolas Georghiou

- Supernova Invest: Etienne Moreau, Arthur Puig

- Unexo: Jérémy Durand

- Bpifrance Investissement: Nicolas Berdou

Debt: Crédit Agricole Ille-et-Vilaine, Banque Populaire Grand Ouest, CIC Ouest, Caisse d'Epargne Bretagne Pays de Loire, Crédit Mutuel de Bretagne, Caisse de Crédit Mutuel de Saint Grégoire.

Advisors :

Banking lawyer: Cornet Vincent Ségurel (André Watbot, Aymeric Langanay)

Unseenlabs M&A advisor: Barclays

Lawyer Unseenlabs :

- GBA Avocats

- Jones Day

Buyers' counsel: Chammas & Marcheteau (Lola Chammas, Pauline Vigneron, Mathilde Marty)

Financial due diligence: Advance Capital (Thomas Récipon)

IT Due Diligence: Southern Aerospace and Telecom Consulting (Vincent Astier)

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