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Lunar Outpost raised a Series A funding round co-led by Type One Ventures and Industrious Ventures to accelerate its commercial pursuits on the Moon.

Nov 13, 2024about 1 year ago

Round Type

series a

ArvadaAerospace

Investors

Promus VenturesIndustrious VenturesType One Ventures

Description

Lunar Outpost announced it has raised a Series A funding round, co-led by Type One Ventures and Industrious Ventures, with participation from Promus Ventures. The funding will support its active programs, including contracts with NASA and collaboration with the Australian Government and Luxembourg Space Agency.

Company Information

Company

Lunar Outpost

Location

Arvada, Colorado, United States

About

Lunar Outpost is the industry leader in space robotics, lunar surface mobility, and space resources. We are on a mission to enable an extended human presence in space while utilizing the vast resources in space to drive positive impacts here on Earth. From our five rovers headed to the Moon to explore, prospect, and establish infrastructure, to the creation of oxygen on Mars, our impact spans the solar system. Lunar Outpost’s mobility and robotic systems, ranging from our exploration-class Mobile Autonomous Prospecting Platform (MAPP) rover to our truck-sized industrial Lunar Terrain Vehicle (LTV), will be the workforce for the New Space economy and enable Lunar Outpost to bring the infinite value of space to benefit humanity on Earth and beyond. Through notable commercialization and amazing partnerships, Lunar Outpost creates tremendous value in the New Space economy.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers