Vertical Aerospace Founder Backs Company with Additional $50M Investment Commitment
Amount Raised
$50 Million
Round Type
Venture
BristolManufacturingSoftwareAerospaceInvestors
Description
Vertical Aerospace announces $50 million in committed funding from founder, majority owner and CEO, Stephen Fitzpatrick, to support further funding rounds and extend the projected cash runway into Q2 2025. The investment will support the continued development of the certification aircraft design following prototype testing and the completion of the full-scale piloted VX4 prototype.
Quick answer
Vertical Aerospace raised $50 Million in a funding round, dated January 22, 2024. Investors: Stephen Fitzpatrick. Vertical Aerospace is based in Bristol, England, United Kingdom.
- How much did Vertical Aerospace raise?
- Vertical Aerospace raised $50 Million in a funding round on January 22, 2024.
- Who invested in Vertical Aerospace?
- Stephen Fitzpatrick is named as investors in this round.
- What does Vertical Aerospace do?
- Vertical is a British aerospace tech company that's pioneering electric aviation through designing and building the UK's first all-electric, vertical take-off and landing aircraft (eVTOL).
- Where is Vertical Aerospace based and how big is it?
- Vertical Aerospace is based in Bristol, England, United Kingdom. Fundz records about 485 employees.
- Who are the decision-makers at Vertical Aerospace?
- Fundz holds 2 contacts at Vertical Aerospace. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Aerospace and Manufacturing around the same time
Companies in the same sectors as Vertical Aerospace that raised within 45 days of this round, from Fundz verified event records.
- Hadrian raised $11M on February 20, 2024.
- Parry Labs raised $91M on December 22, 2023.
- Hadrian raised $86M on December 11, 2023.
- Electric Hydrogen raised $50M (Series C) on March 5, 2024.
- MED-X raised $100K (Pre-Seed) on February 27, 2024.
- World View raised an undisclosed amount (Series D) on February 27, 2024.
Who to call at Vertical Aerospace, and when
A new round usually means Vertical Aerospace is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Vertical Aerospace raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Vertical Aerospace, from your own LinkedIn network
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Related People
Vertical Aerospace raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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