CubeSpace Secures USD 3 Million Investment Led by Futuregrowth to Drive Global Expansion

Futuregrowth Asset Management has spearheaded a USD 3 million funding round in CubeSpace, a global leader in Attitude Determination and Control Systems (ADCS) for satellites. The Stellenbosch-based company has become a dominant player in the SmallSat market and is expanding its proven solutions beyond nanosatellites to serve spacecraft weighing between 50 and 1,000 kg.

Enhancing Satellite Performance with ADCS Technology  

ADCS technology is critical in the space value chain, enabling satellites to maintain precise orientation in orbit. This capability is essential for various applications, including:  

• Earth observation (climate monitoring, disaster response)  
• Scientific missions (radiation detection, space weather monitoring)  
• Optical imaging (high-resolution satellite imagery)  
• Communications and connectivity (stable and efficient signal transmission)  

The capital, deployed through Futuregrowth’s High Growth Development Equity Fund (HGDEF), will fuel CubeSpace’s expansion beyond nanosatellites into larger spacecraft in the 50–1,000 kg class.  

Brian Masondo, Principal: Private Equity & Venture Capital, Futuregrowth:  

“With the space economy projected to exceed USD 1 trillion by 2040—driven by innovations in satellite technology, reusable launch vehicles, and increased private sector participation—the outlook for highly innovative companies like CubeSpace is exceptionally promising.”  

Read: CubeSpace ADCS Secures ZAR 47 Million in VC Funding

CubeSpace’s Competitive Edge in a Rapidly Evolving Industry  

The space industry is becoming increasingly competitive, with shorter lead times and higher demand for reliable satellite solutions. CubeSpace differentiates itself through the following:  

• Affordable, reliable, and user-friendly ADCS solutions;  
• Faster time-to-orbit for satellite missions; and   
• Streamlined production processes that enhance efficiency.  

Amrish Narrandes, Head of Private Equity & Venture Capital, Futuregrowth: 

“Our investment in CubeSpace aligns seamlessly with our broader strategic objectives. Their strong leadership team, driven by a passion for innovation in satellite technology, complements Futuregrowth’s focus on supporting intellectual property-rich businesses in expanding sectors like the SmallSat market.”  

A Vision for Industry Leadership  

CubeSpace CEO & Co-Founder Mike-Alec Kearney expressed enthusiasm for the partnership:  

“This investment from Futuregrowth, whose ambitions align with ours, will give us the firepower to grow aggressively and deliver unparalleled solutions to our customers. We aim to become the gold standard for satellite control systems—enabling high-reliability satellites to be built on shorter lead times and at lower costs, ushering in a new era in the space industry.”  

In addition, this investment reflects Futuregrowth’s commitment to supporting innovative South African businesses like CubeSpace, which drive job creation, contribute to global sustainability goals and enhance South Africa’s competitiveness in the global space economy.  

About Futuregrowth’s Private Equity & Venture Capital Division  

Futuregrowth Asset Management’s Private Equity and Venture Capital business is a leading alternative investor in early-stage, high-growth businesses across Southern Africa. The division, part of Futuregrowth’s R202 billion asset management business, focuses on delivering commercial returns and meaningful developmental impact through its various investment mandates. The business manages specialist funds, including the Development Equity Fund and the High Growth Development Equity Fund (HGDEF), which target investments in sectors critical to South Africa’s economic development.

With a 25-year track record in developmental investments, the team has built a strong portfolio of successful investments across fintech, Insurtech, MedTech and other high-growth sectors. Through active partnerships with portfolio companies, the business provides not just capital but strategic guidance, operational support, and access to a broad network of industry expertise. This approach has resulted in successful investments in companies like Yoco, Pineapple, Cash Connect, and Retail Capital, demonstrating the team’s ability to identify, support, and scale innovative businesses that drive financial returns and societal impact. 

About CubeSpace 

CubeSpace supports over 250 customers in more than 30 countries, including leading space agencies like NASA and ESA, most constellation primes, and ambitious commercial satellite developers. By setting a new gold standard in ADCS innovation, CS ensures that satellite builders worldwide can swiftly, reliably, and affordably meet their evolving mission needs.