Space Forge raises £22.6m in Series A funding led by the NATO Innovation Fund
The Cardiff-based space tech startup has secured the largest Series A round in the UK sector to advance its in-orbit manufacturing missions.
Space Forge builds returnable satellites designed to manufacture advanced materials using the microgravity and vacuum conditions of orbit.
Space Forge has secured £22.6m in a Series A financing round to accelerate its in-orbit manufacturing capabilities and satellite development. The round was led by the NATO Innovation Fund, with participation from World Fund, the National Security Strategic Investment Fund, and the British Business Bank via its Regional Angels Programme, alongside several other institutional backers.
The capital will support the ongoing development of the company's returnable satellite platforms, including the ForgeStar-2 system and the upcoming ForgeStar-1 demonstration mission. By leveraging the microgravity and vacuum of Low Earth Orbit, Space Forge aims to establish a scalable framework for producing high-performance materials that reduce energy usage and emissions in terrestrial supply chains.
From the founder
"This funding marks a significant milestone-not just for Space Forge, but for the entire space economy. With the backing of our investors, we're accelerating our mission to make space a practical and accessible platform for industrial-scale manufacturing. Our upcoming launches will prove that the future of materials innovation lies beyond Earth, helping us build a more secure, sustainable, and technologically advanced world."
Joshua Western
CEO & Co-Founder at Space Forge
Investor perspective
"We are excited to be supporting Space Forge – a company that is innovating material manufacturing, while also advancing Europe's access to space, supply chain independence and long-term resiliency. We look forward to working with the Space Forge team to leverage their technological breakthroughs in order to secure the future of NATO nations."
Chris O'Connor
Partner, NATO Innovation Fund
Use of funds
- 01Continue product development
Investors
Chris O'Connor
NATO Innovation Fund
Daria Saharova
World Fund
National Security Strategic Investment Fund
Mark Barry
British Business Bank
Cardiff Capital Region
SpaceVC
Gaingels
London Technology Club
Categories
About the company
Space Forge
Space Forge pioneers in-orbit manufacturing to produce advanced materials in microgravity.