Spanish aerospace engineering firm PLD Space has expanded its latest Series C equity funding round by an additional €108 million ($125 million), pushing the total round size to €288 million ($334 million) to scale its space launch infrastructure.
📌 Key Numbers & Financial Highlights:
- $125 Million (€108M) Extension: Fresh capital added to the Series C round initially closed at €180M ($209M) in March.
- $334 Million (€288M) Total Series C: Total equity raised in this round to date.
- $566 Million (€488M) Cumulative Funding: Total private and institutional capital secured by the company to date.
💡 Strategic Impact & Investor Base:
- MIURA 5 Industrialization: Proceeds will directly fund the manufacturing, testing, and commercial rollout of the MIURA 5 orbital launcher, alongside new launch infrastructure.
- Marquee Backers: Round extension led by Japanese giant Mitsubishi Electric, alongside Spain’s state-backed COFIDES, Endeavor Catalyst, and the Spain Oman Private Equity Fund (managed by MCH Private Equity).
- European Space Pioneer: Follows PLD Space’s milestone launch of Europe’s first fully private rocket in 2023.