Varda Space Industries, Inc. raised $90 million in a Series B funding round led by Caffeinated Capital to build factories in space.
Varda Space Industries, Inc. raised $90 million in a Series B funding round led by Caffeinated Capital to build factories in space.
04/05/24, 2:02 PM
Location
californiaMoney raised
$90 million
Industry
biotechnology
manufacturing
Round Type
series b
Investors
Khosla Ventures, Founders Fund, General Catalyst, Lux Capital, Caffeinated Capital
Varda Space Industries, Inc. has completed a $90 million Series B funding round, led by Caffeinated Capital, with participation from Lux Capital, General Catalyst, Founders Fund, and Khosla Ventures. The company aims to build infrastructure to support manufacturing in microgravity and make low Earth orbit accessible to industry.
Company Info
Location
california, united states
Additional Info
Varda Space is a space manufacturing startup based in El Segundo, California, founded in 2021. It seeks to autonomously manufacture pharmaceuticals in microgravity to help customers develop medicines and other materials not possible or cost-effective to make on the ground.