From dot.LA · · 1m
Varda Makes Space Medicine
Varda Space Industries, a Los Angeles startup, raised $251M to make medicines in orbit for Earth patients.
In brief
Varda Space Industries, a Los Angeles startup, raised $251M to make medicines in orbit for Earth patients. Varda Space Industries raised $251M to manufacture medicines in space for Earth patients. Originally reported by dot.LA.
Quick answers
- Why Space?
- Without gravity, certain pharmaceutical ingredients can crystallize in structures difficult to reproduce on Earth.
- What is the key takeaway from Varda Makes Space Medicine?
- Varda Space Industries raised $251M to manufacture medicines in space for Earth patients.
Varda Space Industries
El Segundo-based Varda Space Industries raised $251M Series D funding this week.
Funding Partners
Lux Capital and Natural Capital led the round with participation from Founders Fund, Khosla Ventures, Caffeinated Capital, General Catalyst, 8090 Industries, Giant Step, and Also Capital.
Total Funding
Varda’s total funding now stands at $598M with a reported valuation of $1.6B.
Space Manufacturing
Varda builds W-Series capsules that process pharmaceuticals in microgravity and return them to Earth at 25 times the speed of sound.
Why Space?
Without gravity, certain pharmaceutical ingredients can crystallize in structures difficult to reproduce on Earth.
Reentry Missions
Varda completed six successful reentry missions since 2023 with more than a dozen launches planned through 2028.
The takeaway
Varda Space Industries raised $251M to manufacture medicines in space for Earth patients.
