Gravitilab Aerospace Services closes £500k bridge round
The Norfolk space technology company closed the round with significant overfunding.
Share allotment filed at Companies House
Gravitilab Aerospace Services is a British space technology business providing research, testing, and microgravity services using patented drone technology.
Gravitilab Aerospace Services has secured £500k in a bridge funding round, closing with significant overfunding. The company has raised more than £900k over the final quarter.
Based near Norwich, the company specialises in microgravity research and testing environments using its patented drone technology. The newly secured capital supports its ongoing operations as the firm prepares to launch a £5m Series A round to fund the completion of its hybrid suborbital rocket.
From the founder
"We are delighted to have overfunded to such an extent last year and been able to successfully launch our microgravity service last month. We now look forward to raising £5mil from venture funds in order to complete the development of our hybrid suborbital rocket and roll out our full suite of commercial services."
James Kilpatrick
Founder at Gravitilab Aerospace Services
Investor perspective
"It’s not everyday that we see a pitch which involves launching rockets! Gravitilab have seen excellent growth since inception in 2019 and is a fantastic example of the exciting innovation which we’re proud to see coming out of our region."
Hannah Smith
Managing Director, Anglia Capital Group
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About the company
Gravitilab Aerospace Services
Gravitilab Aerospace Services provides commercial microgravity testing and research services.