Hamburg \u2013 The Explo\u00adra\u00adtion Company (TEC) has secu\u00adred $450 million in the largest Series C funding round to date for a Euro\u00adpean space company. The round was jointly led by Besse\u00admer Venture Part\u00adners, Atomico, and the Scaleup Europe Fund, which is mana\u00adged by EQT. In addi\u00adtion to Cherry Ventures, other exis\u00adting inves\u00adtors parti\u00adci\u00adpa\u00adted, inclu\u00adding Balder\u00adton, Plural, and Red River West, as well as other inves\u00adtors from Europe and the U.S. With this funding round, TEC\u2019s total funding rises to appro\u00adxi\u00adm\u00adately $680 million. \u2014 YPOG advi\u00adsed Cherry Ventures on The Explo\u00adra\u00adtion Company\u2019s (TEC) $450 million Series C funding round. <\/p>\n
The Explo\u00adra\u00adtion Company deve\u00adlops reusable space trans\u00adpor\u00adta\u00adtion systems for govern\u00adment and commer\u00adcial custo\u00admers. At the heart of its efforts is the Nyx space capsule, which is desi\u00adgned to trans\u00adport cargo to space stati\u00adons and return it safely to Earth. One plan\u00adned mission invol\u00adves docking with the Inter\u00adna\u00adtio\u00adnal Space Station (ISS). In addi\u00adtion, TEC is deve\u00adlo\u00adping a high-perfor\u00admance rocket engine called Storm, which is inten\u00added to serve as the basis for a future reusable Euro\u00adpean heavy-lift rocket. <\/p>\n
Accor\u00adding to its own figu\u00adres, TEC has secu\u00adred contracts and commit\u00adments tota\u00adling more than $2 billion with public and private custo\u00admers world\u00adwide. Its part\u00adners include, among others, the Euro\u00adpean Space Agency (ESA) and NASA. <\/p>\n
\u201cThe Explo\u00adra\u00adtion Company combi\u00adnes tech\u00adno\u00adlo\u00adgi\u00adcal deve\u00adlo\u00adp\u00adment with the estab\u00adlish\u00adment of a Euro\u00adpean space infra\u00adstruc\u00adture. This funding round demons\u00adtra\u00adtes the confi\u00addence that exis\u00adting and new inves\u00adtors have in the company\u2019s future deve\u00adlo\u00adp\u00adment. YPOG is plea\u00adsed to have supported Cherry Ventures in this funding round,\u201d says Dr. Adrian Haase, a part\u00adner at YPOG. <\/p>\n
About The Explo\u00adra\u00adtion Company<\/strong><\/p>\n The Explo\u00adra\u00adtion Company (TEC) is a global space company with Euro\u00adpean roots that builds space\u00adcraft for huma\u00adnity. The company works across natio\u00adnal borders to promote coope\u00adra\u00adtion in space and deve\u00adlops the full range of space trans\u00adpor\u00adta\u00adtion solutions\u2014including reusable capsu\u00adles and high-thrust engines\u2014to trans\u00adport cargo and, ulti\u00adm\u00adately, people into space and safely back to Earth. <\/p>\n TEC was foun\u00added in 2021 by H\u00e9l\u00e8ne Huby and a team of expe\u00adri\u00aden\u00adced aero\u00adspace profes\u00adsio\u00adnals and works with space agen\u00adcies and commer\u00adcial opera\u00adtors. The company is backed by leading venture capi\u00adtal firms and is expan\u00adding with loca\u00adti\u00adons in Europe, the United States, and the United Arab Emira\u00adtes. www.exploration.space <\/p>\n Cherry Ventures Advi\u00adsors: YPOG About Cherry Ventures About YPOG <\/p>\n","protected":false},"excerpt":{"rendered":" Hamburg \u2013 The Explo\u00adra\u00adtion Company (TEC) has secu\u00adred $450 million in the largest Series C funding round to date for a Euro\u00adpean space company. The round was jointly led by Besse\u00admer Venture Part\u00adners, Atomico, and the Scaleup Europe Fund, which is mana\u00adged by EQT. In addi\u00adtion to Cherry Ventures, other exis\u00adting inves\u00adtors parti\u00adci\u00adpa\u00adted, inclu\u00adding Balderton, [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":60859,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[1366],"tags":[],"class_list":["post-60861","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en"],"yoast_head":"\n
\n<\/strong>
\n Dr. Adrian Haase (Lead, Tran\u00adsac\u00adtions), Part\u00adner, Hamburg
\nDr. Miriam Peer (Tran\u00adsac\u00adtions), Asso\u00adciate, Hamburg
\nDr. Gerrit Breet\u00adholt (Tran\u00adsac\u00adtions), Asso\u00adciate, Hamburg
\nDr. Caro\u00adlin Rasp\u00e9 (Compli\u00adance), Part\u00adner, Munich<\/p>\n
\n<\/strong>
\n Cherry Ventures is Europe\u2019s leading early-stage venture capi\u00adtal firm, led by a team of foun\u00adders and execu\u00adti\u00adves with expe\u00adri\u00adence buil\u00adding fast-growing compa\u00adnies such as Spotify, Zalando, and Uber. The firm supports Europe\u2019s boldest founders\u2014often as their first insti\u00adtu\u00adtio\u00adnal investor\u2014and guides them through every criti\u00adcal phase of their company\u2019s deve\u00adlo\u00adp\u00adment, from go-to-market stra\u00adtegy to scaling the busi\u00adness to buil\u00adding the team. We\u2019re looking for foun\u00adders with a vision to deve\u00adlop revo\u00adlu\u00adtio\u00adnary technologies\u2014whether in AI, health\u00adcare, robo\u00adtics, consu\u00admer goods, or other fields\u2014that will impact society and change the world for the better. Cherry has inves\u00adted in over 130 compa\u00adnies across Europe during the pre-seed and seed phases, inclu\u00adding Flix, Auto1, Flaschen\u00adpost, Amboss, Manual, Numa, Moss, The Explo\u00adra\u00adtion Company, Quali\u00adf\u00adyze, Swap, Dash0, Proxima Fusion, and Tacto. Cherry has offices in Berlin, London, and Stockholm. <\/p>\n
\n<\/strong>
\n YPOG stands for You + Part\u00adners of Game\u00adch\u00adan\u00adgers and forward-looking tax and legal advice. The firm advi\u00adses compa\u00adnies focu\u00adsed on future tech\u00adno\u00adlo\u00adgies with the aim of using change as an oppor\u00adtu\u00adnity and jointly crea\u00adting opti\u00admal solu\u00adti\u00adons. The YPOG team offers compre\u00adhen\u00adsive exper\u00adtise in the areas of Funds, Tax, Tran\u00adsac\u00adtions, Corpo\u00adrate, Banking, Regu\u00adla\u00adtory + Finance, IP\/IT\/Data Protec\u00adtion, Liti\u00adga\u00adtion as well as Corpo\u00adrate Crime + Compli\u00adance + Inves\u00adti\u00adga\u00adti\u00adons. YPOG is one of the leading addres\u00adses in Germany for venture capi\u00adtal, private equity, fund struc\u00adtu\u00adring and appli\u00adca\u00adti\u00adons of distri\u00adbu\u00adted ledger tech\u00adno\u00adlogy (DLT) in finan\u00adcial services. YPOG employs more than 180 expe\u00adri\u00aden\u00adced lawy\u00aders, tax advi\u00adsors and tax specia\u00adlists as well as a notary in its offices in Berlin, Hamburg, Colo\u00adgne, Munich, Cambridge and London. \u2014 www.ypog.law <\/p>\n