Varda Space Industries, Inc. raised $90 million in a Series B funding round led by Caffeinated Capital to build factories in space.
Apr 05, 2024•over 1 year ago
Amount Raised
$90 Million
Round Type
series b
El SegundoBiotechnologyManufacturingInvestors
Khosla VenturesFounders FundGeneral CatalystLux CapitalCaffeinated Capital
Description
Varda Space Industries, Inc. has completed a $90 million Series B funding round, led by Caffeinated Capital, with participation from Lux Capital, General Catalyst, Founders Fund, and Khosla Ventures. The company aims to build infrastructure to support manufacturing in microgravity and make low Earth orbit accessible to industry.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech