Varda Space Industries, Inc. Asset Profile

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Year established

2021

Location

El Segundo CA US

Primary Industry

Aerospace

About

Founded in 2021 by Will Bruey and Delian Asparouhov and based in California, US, Varda Space Industries, Inc. operates as a manufacturer of products focusing on space terrestrial applications. In April 2024, Varda Space Industries, Inc. raised USD 90 million in series B funding led by investor Caffeinated Capital, with participation from Lux Capital, General Catalyst Partners, Founders Fund, and Khosla Ventures. The firm, as of July 2024, has offices in Washington, D.C., and El Segundo, California, and is led by its co-founders, Will Bruey and Delian Asparouhov. Varda offers Orbital Material Processing: Which utilizes microgravity to enhance material properties like crystalline structures; Reentry Capsules (W-Series): Self-sustaining satellites designed for material return, reducing costs compared to manned reentry vehicles; and Industrial Space Solutions: which enables in-orbit manufacturing of high-value materials for diverse applications. The company plans to utilize the April 2024 funding to expand its space manufacturing capabilities.

Current Investors

Lux Capital, Founders Fund, Fifty Years

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Primary Industry

Aerospace

Sub Industries

Aerospace

Website

www.varda.com

Verticals

Manufacturing

Company Stage

Series B

Total Amount Raised

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Employee Data

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