Welsh in-space advanced manufacturing start-up Space Forge in huge funding boost

Welsh in-space advanced manufacturing start-up Space Forge in huge funding boost

In one of the biggest funding rounds for a Welsh start-up firm Space Forge has secured £22.6m from a global consortium of investors.

NATO backs Welsh startup building space factory for ‘supermaterials’

Welsh startup Space Forge has raised $30mn to advance its first commercial in-orbit manufacturing satellite, ForgeStar-2. The NATO Innovation Fund led the funding round, the largest Series A financing in UK space tech history. Space Forge’s demonstrator — the ForgeStar-1 — is set to launch from the US on a SpaceX rocket this year. The oven-sized satellite will then harness the conditions of space to produce “supermaterials” that are impossible t…

A Welsh company called Space Forge will soon build a satellite that will produce special crystal nuclei in space.

Space Forge raises £22.6m for space factory

Space Forge in Wales has raised £22.6m ($30m) for its second generation materials factory ahead of the launch of its first. The Series A round is the largest in UK space tech history and was led by the NATO Innovation Fund (NIF), which is backed by all 24 members of NATO. The deal also included […] The post Space Forge raises £22.6m for space factory appeared first on eeNews Europe.

Space Forge Raises £22.6M in Series A Funding

Space Forge, a Cardiff, Wales, UK-based space tech company, raised £22.6M in Series A funding. The round was led by the NATO Innovation Fund, with participation from World Fund, the National Security Strategic Investment Fund (NSSIF) and the British Business Bank through its Regional Angels Programme. Other investors included Innovation Investment Capital Limited Partnership, Gaingels, […] The post Space Forge Raises £22.6M in Series A Funding a…

Space Forge closes record £22.6m Series A round

Cardiff-based space tech group Space Forge has closed a £22.6m investment round in the largest Series A secured by a British space tech startup.  Led by the NATO Innovation Fund, the round will accelerate the development of the company’s returnable manufacturing satellite and support its first in-orbit demonstration mission later this year.  Founded in 2018, the Welsh firm is developing technology to use space as a manufacturing platform for adv…