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The Exploration Company, raises €40 million Series A

Communiqué de presse - 01/02/2023

Munich/Bordeaux, 1st February 2023 : European space tech company, The Exploration Company, has announced €40.5m in Series A funding to enable an era of affordable, sustainable, and open space exploration. The round was led by EQT Ventures and Red River West with participation from both new and existing investors including, Promus Ventures, Cherry Ventures, Vsquared, Omnes Capital, July Fund, Partech, Habert Dassault Finance, Schlumberger, WMA, Possible Ventures, Rymdkapital and Sista Fund. With the fresh capital, The Exploration Company aims to commercialize its first full-scale space capsule (launch planned for 2026), finalize and test launch its second capsule demonstrator (launch planned for 2024), as well as expand the team.