3 years ago

Orbex Secures £40.4M in Series C Funding to Launch from UK Soil

  • Orbex, a UK-based spaceflight company, has raised £40.4 million in Series C funding

  • The funding round was led by Scottish National Investment Bank, Jacobs, The Danish Green Future Fund, Verve Ventures, Phillip and James Chambers, BGF, Heartcore Capital, High-Tech Gründerfonds and Octopus Ventures

  • Orbex plans to use the funds to scale up its resources as it prepares for its first vertical launch from UK soil

  • The company is developing a two-stage rocket called “Prime” to transport small satellites into low Earth orbit.

      • ProblemSpace Technology

      "making small satellite launches more efficient and cost-effective"

      Solution

      "developing a 19-metre long rocket called 'Prime' to transport small satellites weighing up to 180kg into low Earth orbit"

      Covered on