Space Forge raises $10.2m in seed funding to advance returnable satellite technology
The record seed round was co-led by SpaceFund, Type One, and World Fund.
Space Forge builds returnable satellites designed to manufacture advanced materials using the microgravity and vacuum conditions of orbit.
Cardiff-based spacetech enterprise Space Forge has secured $10.2m in a seed funding round to advance its returnable satellite technology. The financing was co-led by SpaceFund, Type One, and World Fund, alongside participation from several international backers including SpaceVC and Virgin Galactic executive George T. Whitesides. The capital will be directed towards launching and returning the firm's ForgeStar orbital vehicles to facilitate in-space manufacturing.
From the founder
"Over the last three years we have taken our return technology from paper designs to real hardware. This support from our investors will supercharge our development plans to lead the way in making space work for humanity."
Andrew Bacon
Co-Founder at Space Forge
Investor perspective
"Making space work for humanity and our planet has always been our goal and this investment enables us to build our first-generation platforms and undertake several missions in pursuit of that goal. We’re just getting started."
Joshua Western
SpaceForge
Use of funds
- 01Continue product development
Investors
Meagan Crawford
SpaceFund
Tarek Waked
Type One
World Fund
SpaceVC
Starbridge Venture Capital
Quiet Capital
Kencoa Aerospace
Trousdale Ventures
Dylan Taylor
FJ Labs
Newable
George T. Whitesides
Categories
About the company
Space Forge
Space Forge pioneers in-orbit manufacturing to produce advanced materials in microgravity.