Varda Space Raising New Tranche Of Funding At $500M Post-Money Valuation

May 17, 2023•over 2 years ago

Torrance

Investors

Hf ScaleJordan CroomSide Door Ventures

Description

Varda Space Industries, the in-space manufacturing startup that wants to revolutionize the production of pharmaceuticals, semiconductors, and more, is in the process of raising $25 million in new capital that would put its valuation at around $500 million after investment, according to documents viewed by TechCrunch.

Company Information

Company

Varda Space Industries, Inc.

Location

433 ALASKA AVE

Torrance, California, United States

About

We create game-changing products that defy gravity’s constraints on Earth. Using our spacecraft as a manufacturing platform in microgravity, we revolutionize the production process. And with our economical re-entry capsules, we not only bring these products back safely to Earth, but also pave the way to study and advance hypersonic systems.

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