Varda raises $250 million at $1.6 billion valuation to scale orbital drug manufacturing

Varda raises $250 million at $1.6 billion valuation to scale orbital drug manufacturing

WASHINGTON, Sept 30 : In-space manufacturing startup Varda Space has raised $250 million in a Series D round at a $1.6 billion valuation, the company told Reuters, as it ramps up missions to produce pharmaceuticals in microgravity.El Segundo-based Varda is one of a handful of US companies building a fleet of

Varda Raises $251M Series D

Lux Capital and Natural Capital led the round, which valued the company at $1.6B.