SpinLaunch spins up a $35M round to continue building its space catapult | TechCrunch
Summary
SpinLaunch raised a $35 million round to continue developing its unconventional kinetic launch system. The company plans to use the capital to expand its headquarters and R&D facility in Long Beach and finish its flight test site at Spaceport America in New Mexico. SpinLaunch says it aims to lower launch costs dramatically and target commercial orbital access at under $500,000. The round included participation from Airbus Ventures, GV, KPCB, Catapult Ventures, Lauder Partners, John Doerr, and Byers Family.
Funding
Amount
$35.0M
Total raised
Date
January 16, 2020
Announcement date
Investors
Lauder Partners, Catapult Ventures, GV, Kleiner Perkins Caufield & Byers
Lead investors
Company
spinlaunch.com
Funded company
Classifications
industries
No industries detected
applications
No applications detected
AskAI Classifications
Labels
No AI classifications detected