WSBW 2022 - Banner

Gilmour Space secures €39 million Series C funding 

Image courtesy of Gilmour Space.

Paris, 30 June 2021. – The Australian launch services company Gilmour Space Technologies has secured a Series C funding round of €39 million from global investors, the company announced.

The Series C round includes US-based Fine Structure Ventures, Australian venture capital firms Blackbird and Main Sequence, and Australian superannuation funds HESTA, Hostplus, and NGS Super. It brings the company’s total funds raised to date to 87 million Australian dollars (€54 million), Gilmour said.

It called the round “the largest private equity investment raised by a space company in Australia”.

Gilmour launched its first hybrid rocket in mid 2016; since then, it has achieved “a series of significant technology milestones to become a world leader in orbital-class hybrid propulsion technologies that use safer and lower cost fuels than traditional chemical propulsion rockets”, it says.

In recent months, the company has secured launch contracts with Australian and international customers including US-based Momentus, Sydney-based Space Machines Company, and South Australia’s Fleet Space Technologies.

With over 70 employees in its Gold Coast, Queensland rocket facility and a growing network of 300 partners and suppliers, Gilmour Space is seen as one of the main drivers of the Australian space sector.

Check Also

The Space Café Podcast #061 – Judith Walls, Wildlife warrior and why the decision about the future of your company is being made right now

The Space Café Podcast #061 -  Judith Walls, Wildlife warrior and why the decision about the future of your company is being made right now. Judith Walls researches at the intersection of business and environmental sustainability at the venerable University of St.Gallen in Switzerland. She focuses on governance characteristics of boards and managers in the context of pressures from stakeholders and other institutions on organizations.