£23.0M
The UK Government led the round with a £20m investment to support upcoming rocket launches and development programmes.
£70.1MTotal raised
Orbex develops space launch services and rockets designed to transport small satellites into orbit. Initial operations are planned from SaxaVord Spaceport in Shetland.
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Team
CL
Chris Larmour
CEO
Chris serves as chief executive officer at Factorial Books and holds board roles at Aurora Avionics, following his previous leadership tenure at Orbex. He also brings commercial and sales experience from Swissto12 and Celcite.
LinkedInPC
Phillip Chambers
CEO
MB
Miguel Belló Mora
Executive Chairman
Investors
- £23.0MUGUK GovernmentLeadOctopus VenturesFollow-on
- £16.7M
- £6.4M
- $24.0M
Funding history
£16.7M
The funding follows backing from six investors, led by a £10.5m injection from the Scottish National Investment Bank.
£6.4M
The European Space Agency has awarded Orbex funding through its Boost! commercial space transportation programme.
$24.0M
The financing round will secure the roadmap to the company's first orbital launch from Sutherland.