Heartcore Capital is a European venture capital investment firm that backs technology companies building the future of travel and consumer experiences.
The financing round will secure the roadmap to the company's first orbital launch from Sutherland.
"Orbex is an impressive UK company which is developing a strongly differentiated and innovative launch solution for the rapidly-growing small satellite market. In Europe, they are a recognized leader with an experienced team, substantial institutional support, a growing customer list and patented technology. The private space sector remains a key future industry for both Scottish and UK governments and we’re very excited to be backing one of the most compelling examples of this evolving sector,"
Heartcore Capital led the pre-seed round, which included backing from various industry executives and angels.
"We know that people are actively looking for simpler, faster new ways to shop and we’ve seen it first hand: Weezy only just opened for business, and already we’ve had hundreds of signups without having publicised our launch. Those signups are more than doubling week on week. In the current climate it has become less viable, and even less appealing, for consumers to visit stores."
