Funding round
Varda Space Industries Seed
Varda Space Industries, which works in orbital manufacturing infrastructure development in El Segundo, raised $9.0M in a Seed round announced on 8 Dec 2020, led by Founders Fund and Lux Capital. 5 firms took part. It is Varda Space Industries' first venture round on record.
$9.0M
Amount raised
Not disclosed
Post-money valuation
5
Investors
2 leads
Valuation
What this round says about the price
Varda Space Industries did not disclose a valuation in this round. It is 1.7% of the $539M Varda Space Industries has raised in the venture rounds on record. Varda Space Industries raised again 7 months later: a Series A round of $2.3M in Jul 2021. Its next priced round, a Series C in Jul 2025, valued it at $500M.
Varda Space Industries' funding rounds
Varda Space Industries has 5 venture rounds on record. This one is highlighted.
- Seed this round 8 Dec 2020, led by Founders Fund and Lux Capital $9.0M
- Series A 29 Jul 2021, led by Caffeinated and Khosla Ventures $2.3M
- Series B 5 Apr 2024, led by Caffeinated $90M
- Series C 10 Jul 2025, led by Natural Capital and Shrug Capital $187M$500M post-money
- Series D 30 Sep 2026, led by Lux Capital and Natural Capital $251M$1.60B post-money
Investors
Who put money in
Founders Fund and Lux Capital led the round with 3 other firms.
Lead investors
- Founders Fund backs 368 venture-backed companies new investor
- Lux Capital backs 194 venture-backed companies new investor
Also in the round
- backs 13 venture-backed companies new investor
- backs 51 venture-backed companies new investor
- backs 22 venture-backed companies new investor
Comparable rounds
How it compares
25 Seed rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $5.0M, and this round was 1.8 times the median. The closest in time, other companies' Seed rounds in Aerospace and Defence:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Aerospace and Defence | 17 Dec 2020 | $6.0M | not disclosed | Munich Re Ventures |
| Orqa Aerospace and Defence | 23 Feb 2021 | $1.7M | not disclosed | Day One Capital |
| Aerospace and Defence | 1 Feb 2021 | $685K | not disclosed | not named |
| Aerospace and Defence | 15 Oct 2020 | undisclosed | not disclosed | not named |
| Aerospace and Defence | 17 Mar 2021 | $7.3M | not disclosed | not named |
| Aerospace and Defence | 3 Mar 2021 | $3.0M | not disclosed | Prime Movers Lab |
| Aerospace and Defence | 1 Sep 2020 | $2.0M | not disclosed | not named |
| Aerospace and Defence | 14 Sep 2020 | $1.0M | not disclosed | not named |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Varda Space Industries raise in its Seed round?
Varda Space Industries raised $9.0M in its Seed round, announced in Dec 2020.
Who led Varda Space Industries' Seed round?
Founders Fund and Lux Capital led it, with Also Capital, Fifty Years and VU Venture Partners.
What was Varda Space Industries' valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Aerospace and Defence?
25 Seed rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $5.0M, and this round was 1.8 times the median.
Did Varda Space Industries raise again after this round?
Yes: a Series A round in Jul 2021 of $2.3M.