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Ae Industrial Partners Leads $75 Million Series B Growth Equity Investment In Firefly Aerospace, A Leading Provider Of Launch And In-Space Vehicles

Mar 22, 2022over 3 years ago

Amount Raised

$75 Million

Round Type

series b

Boca Raton

Description

AE Industrial Partners, LP ("AEI"), a U.S-based private equity firm specializing in aerospace, defense and government services, space, power and utility services, and specialty industrial markets, announced today that it led a $75 million Series B financing round in Firefly Aerospace ("Firefly" or the "Company"), an emerging leader in economical launch vehicles, spacecraft, and in-space services. The Series B investment will support Firefly's next stage of growth by providing capital for future Alpha flights, the Blue Ghost Lunar Lander Program, and the development of additional launch and in-space solutions. Concurrently, AEI completed its previously reported acquisition of Noosphere Venture Partners LP's ("Noosphere Ventures") stake in the Company. The transaction values Firefly above its May 2021 Series A valuation of more than $1 billion.

Company Information

Company

Firefly Aerospace

Location

Boca Raton, Montana, United States

About

Firefly Aerospace (PRNewsfoto/AE Industrial Partners, LP)Noosphere Ventures"With the closing of our previously announced acquisition, plus the additional Series B funding, Firefly now has the resources to deliver new innovations in space launch vehicles," said Kirk Konert, Partner at AEI.

Funding Insights

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