Funding round
Stoke Space Series C
Stoke Space, which works in reusable rocket design and manufacturing in Kent, raised $260M in a Series C round announced on 15 Jan 2025. 9 firms took part. It is Stoke Space's third venture round on record; the one before was a Series B in Oct 2023.
$260M
Amount raised
Not disclosed
Post-money valuation
9
Investors
no lead named
Valuation
What this round says about the price
Stoke Space did not disclose a valuation in this round. It came 15 months after Stoke Space's Series B. It is 13% of the $1.94B Stoke Space has raised in the venture rounds on record. Stoke Space raised again 8 months later: a Series D round of $510M in Sep 2025. 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 15 Dec 2021, led by Breakthrough Energy $65M
- Series B 5 Oct 2023, led by Industrious Ventures $100M
- Series C this round 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
9 firms took part; no lead investor was named.
Investors
- Breakthrough Energy backs 113 venture-backed companies new investor
- Glade Brook backs 30 venture-backed companies new investor
- backs 18 venture-backed companies new investor
- backs 8 venture-backed companies new investor
- Point72 Ventures backs 72 venture-backed companies new investor
- Seven Seven Six backs 90 venture-backed companies new investor
- University of Michigan new investor
- backs 15 venture-backed companies new investor
- Y Combinator backs 1,295 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
16 Series C rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $224M, and this round was 1.2 times the median. The closest in time, other companies' Series C rounds in Aerospace and Defence:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Aerospace and Defence | 14 Jan 2025 | $170M | not disclosed | Tikehau Capital and AXIAL PARTNERS |
| Aerospace and Defence | 6 Jan 2025 | undisclosed | not disclosed | Yuan Jing Capital |
| Saronic Technologies Aerospace and Defence | 18 Feb 2025 | $600M | $4.00B | Elad Gil |
| Aerospace and Defence | 3 Feb 2025 | $65M | $500M | DFJ Growth |
| True Anomaly Aerospace and Defence | 30 Apr 2025 | $260M | not disclosed | Accel |
| Apex Aerospace and Defence | 29 Apr 2025 | $200M | not disclosed | Point72 Ventures and 8VC |
| CHAOS Industries Aerospace and Defence | 2 May 2025 | $275M | $2.00B | New Enterprise Associates and Accel |
| Aerospace and Defence | 27 Sep 2024 | $166M | not disclosed | Marubeni Corporation |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Stoke Space raise in its Series C round?
Stoke Space raised $260M in its Series C round, announced in Jan 2025.
Which investors took part in Stoke Space's Series C round?
Breakthrough Energy, Glade Brook, Industrious Ventures, Leitmotif, Point72 Ventures and Seven Seven Six and 3 more.
What was Stoke Space's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Aerospace and Defence?
16 Series C rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $224M, and this round was 1.2 times the median.
Did Stoke Space raise again after this round?
Yes: a Series D round in Sep 2025 of $510M.