Tech Company Financing Transactions
Isar Aerospace Funding Round
Isar Aerospace closed a $165 million Series C funding round on 3/28/2023. Backers included Earlybird Venture Capital, HV Capital and Lakestar.
Transaction Overview
Company Name
Announced On
3/28/2023
Transaction Type
Venture Equity
Amount
$165,000,000
Round
Series C
Investors
Proceeds Purpose
The company intends to use the funds to advance towards the inaugural flight and ramp-up the cadence of its Spectrum launch vehicle, scale its production capabilities to serve its order book for launches of small and medium-sized satellites as global demand rises, and keep investing in developments for new initiatives and products, and continue building on its vertical integration, especially its automated production capabilities that lower the cost of building rockets.
Company Information
Company Status
Private & Independent
Industry
Robotics
Mailing Address
Undisclosed
Ottobrunn, Bavaria, Undisclosed
DE
Ottobrunn, Bavaria, Undisclosed
DE
Phone
Undisclosed
Website
Email Address
Overview
Isar Aerospace was founded in 2018 to lower the entry barriers to space. By pushing the boundaries we are opening space as a platform for future technologies and competitiveness. As a launch service provider for small and medium-sized satellites we create easy access to space for global customers. Offering the first fully privately funded European solution to meet the growing global demand, Isar Aerospace is driving commercial space across all continents.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Daniel Metzler
Chief Financial Officer
David Kownator
Chief Operating Officer
Josef Fleischmann
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We do our best to report on every notable VC transaction. All VC database entries reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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