Isar Aerospace raises $75 million
Posted: Sat, Jul 31, 2021, 10:10 AM ET (1410 GMT)
German small launch vehicle startup Isar Aerospace has raised an additional $75 million. The company raised the funding, an extension of an earlier Series B round, from a set of new and existing investors, and has raised more than $180 million to date. The company says the funding will allow it to expand its manufacturing and launch infrastructure for the Spectrum rocket it is developing. The first launch of Spectrum is scheduled for the second half of next year from Andoya, Norway.
German small launch vehicle startup Isar Aerospace has raised an additional $75 million. The company raised the funding, an extension of an earlier Series B round, from a set of new and existing investors, and has raised more than $180 million to date. The company says the funding will allow it to expand its manufacturing and launch infrastructure for the Spectrum rocket it is developing. The first launch of Spectrum is scheduled for the second half of next year from Andoya, Norway.
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