Varda Space Industries completed a $187 million Series C funding round in July, lifting the total capital haul for the space startup to $329 million. Natural Capital and Shrug Capital led the fundraiser, with participation from Founders Fund, Peter Thiel, Khosla Ventures, Caffeinated Capital, Lux Capital and Also Capital.
The El Segundo, California-based life sciences company is building prototype in-space laboratories to explore manufacturing in microgravity and then testing hypersonic reentry technologies with their proprietary spacecraft. It launched its first mission in 2023 and has completed three successful launches and safe returns. A fourth mission is now in orbit, with a fifth scheduled for launch later this year.
