Funding round
Varda Space Industries Series A
Varda Space Industries, which works in orbital manufacturing infrastructure development in El Segundo, raised $2.3M in a Series A round announced on 29 Jul 2021, led by Caffeinated and Khosla Ventures. 7 firms took part. It is Varda Space Industries' second venture round on record; the one before was a Seed in Dec 2020.
$2.3M
Amount raised
Not disclosed
Post-money valuation
7
Investors
2 leads
Valuation
What this round says about the price
Varda Space Industries did not disclose a valuation in this round. It came 7 months after Varda Space Industries' Seed. It is under 1% of the $539M Varda Space Industries has raised in the venture rounds on record. Varda Space Industries raised again 33 months later: a Series B round of $90M in Apr 2024. 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 8 Dec 2020, led by Founders Fund and Lux Capital $9.0M
- Series A this round 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
Caffeinated and Khosla Ventures led the round with 5 other firms.
Lead investors
- Caffeinated backs 79 venture-backed companies new investor
- Khosla Ventures backs 396 venture-backed companies new investor
Also in the round
- Coughdrop Capital new investor
- Founders Fund backs 368 venture-backed companies new investor
- General Catalyst backs 574 venture-backed companies new investor
- Lux Capital backs 194 venture-backed companies new investor
- backs 21 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development and scaling operations.
- Product development
- Scaling operations
Comparable rounds
How it compares
31 Series A rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $22M, and this round was 10% of the median. The closest in time, other companies' Series A rounds in Aerospace and Defence:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Aerospace and Defence | 13 Jul 2021 | $35M | not disclosed | Breakthrough Energy and United Airline Ventures |
| Aerospace and Defence | 28 Jul 2021 | $31M | not disclosed | Mudrick Capital and Tracker Capital |
| Aerospace and Defence | 6 Jul 2021 | $11M | not disclosed | not named |
| Aerospace and Defence | 1 Jul 2021 | $972K | not disclosed | not named |
| Aerospace and Defence | 1 Jun 2021 | $30M | $130M | Snowpoint Ventures |
| Aerospace and Defence | 20 May 2021 | $11M | not disclosed | Mayfield |
| Aerospace and Defence | 14 Oct 2021 | $40M | not disclosed | Prime Movers Lab |
| Aerospace and Defence | 20 Oct 2021 | $28M | not disclosed | New Legacy |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Varda Space Industries raise in its Series A round?
Varda Space Industries raised $2.3M in its Series A round, announced in Jul 2021.
Who led Varda Space Industries' Series A round?
Caffeinated and Khosla Ventures led it, with Coughdrop Capital, Founders Fund, General Catalyst, Lux Capital and Side Door Ventures.
What was Varda Space Industries' valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Aerospace and Defence?
31 Series A rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $22M, and this round was 10% of the median.
Did Varda Space Industries raise again after this round?
Yes: a Series B round in Apr 2024 of $90M.