Funding round
Stoke Space Series A
Stoke Space, which works in reusable rocket design and manufacturing in Kent, raised $65M in a Series A round announced on 15 Dec 2021, led by Breakthrough Energy. 10 firms took part. It is Stoke Space's first venture round on record.
$65M
Amount raised
Not disclosed
Post-money valuation
10
Investors
1 lead
Valuation
What this round says about the price
Stoke Space did not disclose a valuation in this round. It is Stoke Space's first venture round on record, 1 year after it was founded in 2020. It is 3.4% of the $1.94B Stoke Space has raised in the venture rounds on record. Stoke Space raised again 22 months later: a Series B round of $100M in Oct 2023. Its next priced round, a Series E in Sep 2026, valued it at $10.00B.
Stoke Space's funding rounds
Stoke Space has 5 venture rounds on record and 1 other deal. This one is highlighted.
- Series A this round 15 Dec 2021, led by Breakthrough Energy $65M
- Series B 5 Oct 2023, led by Industrious Ventures $100M
- Series C 15 Jan 2025 $260M
- Debt not a venture round 23 Sep 2025, led by Silicon Valley Bank $100M
- Series D 23 Sep 2025 $510M
- Series E 8 Sep 2026, led by Point72 Ventures and Spark Capital $1.00B$10.00B post-money
Investors
Who put money in
Breakthrough Energy led the round with 9 other firms.
Lead investor
- Breakthrough Energy backs 113 venture-backed companies new investor
Also in the round
- Spark Capital backs 234 venture-backed companies new investor
- Point72 Ventures backs 72 venture-backed companies new investor
- backs 50 venture-backed companies new investor
- Alameda Research new investor
- backs 295 venture-backed companies new investor
- backs 133 venture-backed companies new investor
- backs 65 venture-backed companies new investor
- Seven Seven Six backs 90 venture-backed companies new investor
- backs 227 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations and working capital.
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
34 Series A rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $21M, and this round was 3.1 times the median. The closest in time, other companies' Series A rounds in Aerospace and Defence:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Forterra Aerospace and Defence | 9 Dec 2021 | $228M | not disclosed | SoftBank Vision Fund and Enlightenment Capital |
| Aerospace and Defence | 13 Dec 2021 | $1.0M | not disclosed | Hardcastle Petrofer |
| Sierra Space Aerospace and Defence | 19 Nov 2021 | $1.40B | $4.50B | General Atlantic and Coatue |
| Aerospace and Defence | 16 Nov 2021 | $20M | not disclosed | Chartered Group |
| Aerospace and Defence | 4 Nov 2021 | $15M | not disclosed | Prime Movers Lab |
| Aerospace and Defence | 14 Oct 2021 | $40M | not disclosed | Prime Movers Lab |
| Aerospace and Defence | 20 Oct 2021 | $28M | not disclosed | New Legacy |
| Aerospace and Defence | 12 Oct 2021 | $25M | not disclosed | Index Ventures |
Sources
Where this comes from
Reported by 5 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Stoke Space raise in its Series A round?
Stoke Space raised $65M in its Series A round, announced in Dec 2021.
Who led Stoke Space's Series A round?
Breakthrough Energy led it, with Spark Capital, Point72 Ventures, Toyota Ventures, Alameda Research and Global Founders Capital and 4 more.
What was Stoke Space's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Aerospace and Defence?
34 Series A rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $21M, and this round was 3.1 times the median.
Did Stoke Space raise again after this round?
Yes: a Series B round in Oct 2023 of $100M.