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14th December 2020 - 0 comments

BGF & Octopus back Orbex $24m funding round for UK space launch

Orbex, the innovative European space launch company, has secured $24 million in a funding round led by BGF, the UK's most active investment company, and Octopus Ventures, one of the largest VCs in EuropeBGF and Octopus Ventures have joined existing investors High-Tech Gründerfonds, Heartcore Capital and Elecnor S.A. - parent company of the multi-national space firm Deimos Space - in a new funding round for the orbital launch services company. The new investments secure the roadmap to the first launch from the Space Hub Sutherland spaceport in Scotland.

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