PLD Space Closes a Series B Investment Round of $28 Million

ARION1 booster (Credit: PLD Space)
  • The operation, led by Arcano Partners, Aciturri and the Centre for the Development of Industrial Technology (CDTI), has allowed the consolidation of previous company shareholders and the entry of new strategic financial partners. 
  • ArcanoBlueBull, Arcano’s specialized Tech M&A division, in addition to strengthening its investment through its IMASDE fund, has served as financial advisor to the round.
  • The investment enables the Spanish firm to advance in its next strategic milestones, such as the launch of its MIURA 1 suborbital rocket in 2022 and the MIURA 5 orbital in 2024, as well as expanding its productive and personnel capacities.

ELCHE, Spain (PLD Space PR) — PLD Space, the Spanish company that leads the space launch business for small satellites in Europe, has just closed a Series B funding round of $28 million. The operation, led by Arcano Partners, Aciturri and the Centre for the Development of Industrial Technology (CDTI) through the co-investment initiative of Innvierte program, has had the accompaniment of previous company shareholders, who have been able to strengthen their participation, and the entry of new strategic financial partners. ArcanoBlueBull, Arcano’s specialized Tech M&A division, in addition to strengthening its investment through its IMASDE fund, has served as financial advisor to the round.

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Launch 2020: Europe’s Ambitions Frustrated by Pandemic, Booster Failure

The Ariane 5 for Flight VA251 departs the Spaceport’s ELA-3 launch zone with its EUTELSAT KONNECT and GSAT-30 satellite passengers. (Credit: Arianespace)

by Douglas Messier
Managing Editor

Last year was a tough one for Europe in terms of launches. The COVID-19 pandemic closed the Guiana Space Centre for extended periods. And the most troubled of the three rockets launched from the spaceport had another bad day.

Despite the problems, there were seven launches from French Guiana in 2020, with six successes and one failure. Five of the flights involved European rockets, and two others were Russian Soyuz boosters.

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