Tech Company Financing Transactions
Magdrive Funding Round
Magdrive secured a $10.5 million Seed financing round on 2/25/2025. Investors included Redalpine Venture, 7Percent Ventures and Alumni Ventures.
Transaction Overview
Company Name
Announced On
2/25/2025
Transaction Type
Venture Equity
Amount
$10,500,000
Round
Seed
Investors
Redalpine Venture (Lead Investor) (Harald Nieder)
Proceeds Purpose
The funding will enable Magdrive to continue research and development for its innovative high-thrust electric propulsion systems for all sizes of satellites, build a manufacturing facility in the UK, and establish a US office.
Company Information
Company Status
Private & Independent
Industry
Robotics
Mailing Address
Unit 4, Bep0 Building, Thomson Avenue, Harwell Campus
Didcot, OX11 0GD
UK
Didcot, OX11 0GD
UK
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
We are the catalyst for humanity to become a spacefaring civilisation. We're also as passionate about Dungeons & Dragons.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Mark Stokes
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