Blue Skies Space raises £570k to expand its team and develop its first space mission
The funding round was co-invested by Startup Funding Club, the SFC Angel Fund, and the London Co-Investment Fund.
Blue Skies Space is developing commercial space science satellites to deliver scientific data directly to academic and research users worldwide.
Blue Skies Space has secured £570k in a funding round co-invested by Startup Funding Club, the SFC Angel Fund, the London Co-Investment Fund, and a group of angel investors. The capital will allow the company to grow its headcount and contract suppliers for its inaugural mission, Twinkle.
The raise follows commercial interest from both the European Space Agency and the UK Space Agency. The financing exceeded initial targets, positioning the firm to pursue additional European Space Agency support.
Investor perspective
"We are very pleased to achieve this important milestone by investing in such an exciting venture as Blue Skies Space Ltd. In many ways, this investment is a great illustration of the progress we’ve made since we started and we are looking forward to continuing to support great British startups."
Joseph Zipfel
Startup Funding Club
Use of funds
- 01Grow the team
- 02Continue product development
Investors
Categories
About the company
Blue Skies Space
Commercial space science satellite developer.