CDTI Joins JME Venture Capital and ALZIS in Investing in PLD Space

Artist’s impression of the MIURA 5 orbital rocket in space. (Credit: PDL Space)
  • PLD Space has to date obtained over 28 million [$34.3 million] euros of private investment and institutional support, mainly in Spain
  • PLD Space is preparing to launch MIURA 1 towards the end of 2022

ELCHE, Spain, 17 December 2020 (PLD Space PR) — The Ministry of Science and Innovation’s CDTI agency has acquired a stake in PLD Space through its Innvierte programme. This initial tranche of 450,000 euros [$551,880] in a bridge financing round could subsequently be supplemented by further economic contributions up to a maximum of 15 million euros [$18.4 million] if so requested by the those investing in the forthcoming Series B.

(more…)

PLD Space Closes €7 Million Investment in Tie-up with Arcano Partners

Spain’s PLD Space, Miura 5 microlauncher (formerly Arion 2) aims to provide dedicated launches for an emerging small satellites market in 2021.
 (Credit: PLD Space)
  • Venture part of tech firm’s Series B investment round for space vehicle development
  • PLD Space already attracted over €18 million [$21.3 million] in private investment and institutional support in addition to new deal involving Arcano
  • Arcano Partners a leading financial advisor in Iberian market

ELCHE, Spain, 15 September 2020 (PLD Space) —  Spanish reusable launch vehicle developer PLD Space today announced the closure of further financing through a tie-up with independent financial advisory and alternative asset management group Arcano Partners. The €7 million [$8.3 million] venture will fund the build out of the PLD Space aerospace project in a deal forming part of its Series B investment round.

(more…)