12/07/2021
We're proud and excited to announce that Loft Orbital has raised a $140M Series B funding round! This round was led by BlackRock, with participation from CEAS Investments, Bpifrance, Foundation Capital, Uncork Capital, Ubiquity Ventures, GFA Venture Partners, and many more fantastic investors.
Check out the great write up in CNBC, thanks Michael Sheetz! https://lnkd.in/g566JcuN
With this capital, we'll be scaling up our team and investing in our own products and supply chain, building towards our goal of being the fastest, simplest, and most reliable path to orbit for any payload. Stay tuned, for big announcements coming over the next few months.
Fundraising milestones are just steps along the company building journey, and we still have much to accomplish. But we wanted to thank a few of our most important stakeholders:
Our customers, who have honored us with their trust, which we will never take for granted.
Our team who has been relentless in carrying Loft through the first five years of our existence. We will always strive to make Loft a fun and fulfilling place to grow a career. (and we're hiring: https://lnkd.in/gWEdNVW)
Our suppliers and partners, who have invested heavily in our success.
Our investors, who have supported us through the ups and the downs.
Now back to work!
https://www.cnbc.com/2021/12/07/space-company-loft-orbital-raises-140-million-from-blackrock.html
Loft Orbital, a space infrastructure start-up, raised $140 million in a new round of funding that was led by investment behemoth BlackRock.
