The Exploration Company secures $450 million in the largest-ever Series C by a European space company

The Exploration Company (TEC), a European space company scaling globally, today announced a $450 million Series C financing, the largest-ever Series C announced by a European space company. It also marks the largest funding round ever secured by an EU-headquartered company led by a female founder and CEO. The round is co-led by Bessemer Venture Partners, Atomico, and the Scaleup Europe Fund, managed by EQT, with participation from TEC’s existing European backers including Balderton, Plural, Cherry and Red River West.

“Everyone on Earth depends on infrastructure in space, yet the ability to reach, supply and return from orbit remains rare. This financing will allow us to execute with urgency: to bring Nyx to the International Space Station and safely back to Earth, while accelerating Storm, the high-thrust propulsion capability Europe needs for its future reusable heavy launcher. We are scaling from Europe with talent, customers and partners from around the world because the next generation of space transportation must be built to serve more nations, industries and people – and because our mission is to contribute to build a more collaborative and peaceful future in space.

Hélène Huby Founder and CEO, The Exploration Company

Read the full announcement here.