From Los Angeles Business Journal · Keerthi Vedantam · · 40s
Varda Space Industries Raises $250 Million
Varda Space Industries secures $251 million in Series D funding to accelerate space-based pharmaceutical production.
In brief
Varda Space Industries secures $251 million in Series D funding to accelerate space-based pharmaceutical production. Varda Space Industries raised $251 million in Series D funding to scale its space-based pharmaceutical manufacturing. Originally reported by Los Angeles Business Journal.
Varda Space Industries
Varda Space Industries, a pharmaceutical company using antigravity in space, announced Sept. 30 it raised $251 million in Series D funding.
Funding Details
The round was led by Lux Capital and Natural Capital with additional participation from Khosla Ventures, General Catalyst, Founders Fund, and Caffeinated Capital.
Funding Use
Varda will use the funds to accelerate its W-Series spacecraft operations, completing over a dozen launches by end of 2028.
What it means
Varda Space Industries raised $251 million in Series D funding to scale its space-based pharmaceutical manufacturing.
