fb
ISU SSP - 2022 - Banner

Polaris secures pre-series-A investment

Landing of the Aurora spaceplane. Credit: Polaris

Edinburgh, 4 April 2022. – Polaris has secured a pre-series-A investment from the newly created Polaris Space Ventures (PSV) investment company, Polaris said. The investment enables the firm to increase the number of employees, as well as enlarge company facilities, and to prepare for rapid upscaling. 

PSV was founded last year under the leadership of New Space entrepreneur Matthias Spott, and his partners Steffen Herfurth and Diederik Kelder. The company aims to invest in early-stage New Space companies and to proactively support the future space transportation ecosystem. This includes spaceplanes and their related ground- and space infrastructures, core technologies and applications. It also comprises those startups that will potentially become customers of reusable spaceplane services.

The pre-series-A investment kick-starts the fundraising for Polaris’ series-A round to be closed by end of June.

Check Also

Space Café Radio – on tour in Berlin – with Lynn Zoenen

In this Space Café Radio -  SpaceWatch.Global publisher Torsten Kriening spoke with Lynn Zoenen, Principal at Alpine Space Ventures at the 19th ESA Investment Forum 2022 in Berlin on Space Investments in Europe. The ESA Investor Forum is a high-profile event for space-related investment opportunities and connects start-ups and scale-ups from the ESA network with European investors.