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.

(more…)

PLD Space Exhibits the First Privately Developed Spanish Suborbital Rocket

MIURA-1 rocket (Credit: PLD Space)

MIURA 1, the name of this suborbital launch vehicle demonstrator, will return to Teruel to continue with testing before its expected launch during the second half of 2022

  • The first MIURA 1 public exhibition has gathered numerous institutional representatives and 10,000 visitors
  • The company, located in Spain, has received more than €36 million of investment allowing the most promising project of the newspace European launchers developments.
  • PLD Space, led by the cofounders, Raúl Torres and Raúl Verdú, along with executive president, Ezequiel Sánchez, has positioned itself as a key player in the space transportation sector, using its rockets for the dedicated launch of small satellites
  • PLD Space is also developing MIURA 5, the orbital rocket that will carry out the company’s commercial operations in 2024

 ELCHE, Spain, 17 November 2021 — PLD Space has achieved a new milestone with the official presentation in Madrid of its MIURA 1 rocket, that has been exhibited fully assembled for the first time in the capital’s National Museum of Natural Science. This suborbital vehicle is a key step in launch vehicle development, a pathfinder for MIURA 5 development.

(more…)