Ursa Major raises $138 million in private investment capital
The rocket engine startup Ursa Major has successfully raised an additional $138 million in private investment capital in an extended round of fund-raising.
Rocket propulsion startup Ursa Major announced Nov. 30 it has raised $138 million in Series D and D-1 funding rounds. Investors include Explorer 1 Fund and Eclipse, RTX Ventures, funds and accounts managed by BlackRock, Exor Ventures, Mack & Co., XN and other institutional shareholders.
Based in Berthoud, Colorado, Ursa Major manufactures liquid engines for small space launchers and hypersonic vehicles, and recently announced plans to expand into solid rocket motors. An initial Series D round was completed earlier this year. But Ursa Major said it extended fundraising to include a Series D-1 round “due to strong interest in accelerating development on several future programs.”
The company’s decision to enter the solid rocket motor market was apparently greeted with enthusiasm by investors. The biggest user of these motors is the U.S. military, and it desperately needs more provides to refresh its stockpile, since so much of that stockpile has been shipped to the Ukraine.
The rocket engine startup Ursa Major has successfully raised an additional $138 million in private investment capital in an extended round of fund-raising.
Rocket propulsion startup Ursa Major announced Nov. 30 it has raised $138 million in Series D and D-1 funding rounds. Investors include Explorer 1 Fund and Eclipse, RTX Ventures, funds and accounts managed by BlackRock, Exor Ventures, Mack & Co., XN and other institutional shareholders.
Based in Berthoud, Colorado, Ursa Major manufactures liquid engines for small space launchers and hypersonic vehicles, and recently announced plans to expand into solid rocket motors. An initial Series D round was completed earlier this year. But Ursa Major said it extended fundraising to include a Series D-1 round “due to strong interest in accelerating development on several future programs.”
The company’s decision to enter the solid rocket motor market was apparently greeted with enthusiasm by investors. The biggest user of these motors is the U.S. military, and it desperately needs more provides to refresh its stockpile, since so much of that stockpile has been shipped to the Ukraine.