Tech Company Financing Transactions
Orbex Funding Round
Orbex, based in Forres, scored $21 million from BGF Ventures, EIFO and Heartcore Capital.
Transaction Overview
Company Name
Announced On
4/21/2024
Transaction Type
Venture Equity
Amount
$21,000,000
Round
Series C
Proceeds Purpose
The company intends to use the funds to ramp up the development of Prime, its 19-metre long, two-stage rocket designed to transport small satellites into Low Earth Orbit.
Company Information
Company Status
Private & Independent
Industry
Transportation
Mailing Address
Orbex Forres 6 Innovation Way Forres Enterprise Park
Forres, IV36 2AB
UK
Forres, IV36 2AB
UK
Phone
Undisclosed
Website
Email Address
Overview
Founded in 2015, Orbex is a UK-based private, low-cost orbital launch services company, serving the needs of the small satellite industry. Orbex has developed one of the most advanced, low carbon, high performance micro-launch vehicles in the world. We offer a flexible core launch service and a suite of supporting services that make life easier for customers. Our advanced launch vehicle means higher reliability, more flexible mission profile types and a regular, scheduled launch service.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Financial Officer
Simon Beswick
Chief Technical Officer
Jonas Bjarnø
Co-Founder
Kristian Bengtson
Co-Founder
Christopher Larmour
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