May 14, 11:12 AM

UK Space Forge Raises Record £22.6M ($30M) Series A Led by NATO Innovation Fund for Orbital Semiconductor Manufacturing

UK-based Space Forge, a company focused on manufacturing ultra-efficient semiconductors and other advanced materials in orbit, has secured a record-breaking £22.6 million (approximately $30 million) Series A funding round. The round was led by the NATO Innovation Fund and included backing from the World Fund, NSSIF, British Business Bank, Space VC, and Gaingels VC. This funding will support Space Forge's plans to launch manufacturing satellites capable of producing materials that are difficult or impossible to create on Earth. The £22.6 million Series A is the largest ever raised by a UK space technology company.

#Space Forge #NATO Innovation Fund #World Fund #NSSIF #British Business Bank #Space VC #Gaingels VC #Earth #UK

Written with ChatGPT (GPT-4).

Sources

Tech Funding News@TFNBreakingNews
1 year ago
🛰️ @Space_Forge closes a record £22.6M Series A, led by the @NATOinnovation. https://t.co/iqgjCKBKmO It was backed by @WorldFund, NSSIF, @BritishBBank, @space_vc, and @GaingelsVC. #spacetech #deeptech #vcfunding #innovation #uktech #startups #funding #news #investment https://t.co/3gTBdBgPQg
Tom's Hardware@tomshardware
1 year ago
Space Forge has secured record Series A funding that will fuel the launch of manufacturing satellites that can make materials impossible to produce on Earth. https://t.co/57KxtgOOwq
Tech.eu@tech_eu
1 year ago
British spacetech Space Forge raises record £22.6M Series A for manufacturing in space https://t.co/tBXjSEyKER https://t.co/400ZO9fCmW

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