Orbex Raises £16.7M in Funding to Develop Prime Rocket and Launch Satellites
Orbex Raises £16.7M in Extended Series C
Orbex's Extended Series C Funding
Key Highlights:
- Extended Series C Funding: Raised £16.7M in funding to accelerate the development of its Prime rocket for launching small satellites into Low Earth Orbit.
- Investors: Backed by Scottish National Investment Bank, Octopus Ventures, BGF, Heartcore, EIFO, and other corporate and angel investors.
- Rocket Technology: Empowered by renewable bio-fuel, Orbex's rocket aims to reduce carbon emissions compared to other rockets of similar size.
Orbex's Target Market
- Target Market: European space industry, focusing on launching small satellites into Low Earth Orbit.
- Space Technology Companies: Partnerships with companies involved in satellite manufacturing, space exploration, and related industries.
- Government Agencies and Research Institutions: Collaboration opportunities with government agencies and research institutions involved in space exploration and satellite deployment.
What Orbex Needs to Buy
- Research and Development Partnerships: Collaborations with research institutions and technology companies for advancing rocket technology and satellite deployment.
- Manufacturing and Supply Chain Solutions: Partnerships with manufacturers and suppliers for the production and delivery of rocket components.
- Marketing and Sales Expertise: Engaging with marketing agencies and sales experts to effectively promote Orbex's launch services and attract customers.