German laser communication equipment manufacturer Mynaric has raised 11 million euros ($12.5 million) in post-initial public offering (IPO) funding.
The company said that it secured the funds from the lead backer of a satellite constellation it is working with.
Mynaric added that the deal will give the constellation venture, which paid $62.73 per share, a 6.9 percent ownership stake in the company.
To date, the company has fetched $57 million in funding.