Spacetech has been a hot topic for investors of late, and one of the buzziest such companies in Europe, Munich and Bordeaux-based The Exploration Company (TEC), is nearing a deal to raise €150m in fresh funding, according to a source with direct knowledge of the fundraise. The new raise would put the company’s post-money valuation at around €450m, they said. Sifted understands the final details of the raise are being ironed out and the amounts could change; London-based Balderton Capital is one of the new investors involved in the round, Sifted understands.
News
October 14, 2024
SpaceX competitor The Exploration Company nears deal to raise €150m in fresh funding
The Munich and Bordeaux-based startup is building a reusable space capsule
3 min read
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