Law BF July - 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

COSPAR Kicks off 2024’s Scientific Assembly in Busan

COSPAR has kicked off the COSPAR 2024 Scientific Assembly in Busan, celebrating the theme "Team Spirit in Space Research." The assembly counted around 2800 participants from over 60 countries with attendees engaging with scientists, presenting over 3000 talks and posters, and participating in 150 scientific events. The Assembly brought space leaders from KASA, NASA, CNSA, ISRO, JAXA, ASI, and the UAE together, with the roundtable of Space Agency leaders featuring the next decade of space science programs from each agency. Also, space sustainability emerged as a major recurring theme.