Space Forge, a Cardiff, Wales, UK-based space tech company, raised £22.6M in Series A funding.
The round was led by the NATO Innovation Fund, with participation from World Fund, the National Security Strategic Investment Fund (NSSIF) and the British Business Bank through its Regional Angels Programme. Other investors included Innovation Investment Capital Limited Partnership, Gaingels, SpaceVC, Unruly, Helium Three, Stellar and TypeOne, and London Technology Club.
Led by CEO Joshua Western, Space Forge develops reusable satellites that are designed for the manufacturing of super materials in space for return to Earth to be used to help move to low carbon technologies.
The company intends to use the funds to accelerate development of ForgeStar-2 and the 2025 launch of ForgeStar-1, its new returnable manufacturing satellite.
It partners with Sierra Space and Northrop Grumman.
FinSMEs
15/05/2025