We are thrilled to announce the closing of our $160 million Series B
led by Balderton Capital and Plural - to develop and test Nyx, the first European reusable space capsule, expand the 200-strong team, and scale capacity.
This marks the largest space Series B in Europe, powering our vision for affordable, sustainable, and cooperative space exploration. With this investment, we will further develop Nyx to meet the world’s rapidly-growing demand for space logistics, from supporting space stations to lunar exploration.
We are grateful for the trust both our old and new investors have in The Exploration Company team. We believe a round like this is important for not only The Exploration Company but the European space and start-up ecosystem at large.
To quote our CEO, Helene Huby: "This significant raise is a reflection of not only the talent and commitment of the team at TEC but also that building global companies with European roots can only be done through fostering trust and cooperation between European countries. 98% of our shareholders are European, demonstrating that the continent can finance bold entrepreneurs. Space will play a critical role in shaping humanity’s future and I want to contribute to building a future which is peaceful and cooperative and our European DNA fits perfectly with this mission.
Over the past 12 months, we have hit major operational and financial milestones and signed significant service contracts with both space agencies and commercial clients. This new funding is the next step in scaling up our ambitions and I’m delighted to welcome Plural, Balderton Capital, NGP Capital and Bessemer to our journey, alongside our previous investors. Their support and ambition will be critical as we take another important step closer to our Nyx Earth launch and build a European space leader.”
Plural Balderton Capital Bessemer Venture Partners NGP Capital Bpifrance DTCF | DeepTech & Climate Fonds Bayern Kapital EQT Ventures Red River West Cherry Ventures Promus Ventures Omnes
