Stoke Space Raises $175M in Series B
Stoke Space has successfully raised $175M in a Series B at a $510M valuation led by Industrial Innovation Fund, Industrious Ventures, University of Michigan Endowment, Point72 Ventures, NFX, Y Combinator, Spark Capital, Toyota Ventures.
Company Overview
Stoke Space is a Aerospace company headquartered in 3620 Willows Road, Redmond, WA 98052, founded in 2019 with 250+ employees.
Reusable rocket company
Fundraising Details
- Amount Raised: $175M
- Round Type: Series B
- Valuation: $510M
- Date: 2024-09-25
- Investors: Industrial Innovation Fund, Industrious Ventures, University of Michigan Endowment, Point72 Ventures, NFX, Y Combinator, Spark Capital, Toyota Ventures
About Stoke Space
Reusable rocket company The company is positioned in the Aerospace sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 3620 Willows Road, Redmond, WA 98052
- Founded: 2019
- Team Size: 250+
- Industry: Aerospace
What This Means
This funding round demonstrates strong investor confidence in Stoke Space's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Aerospace sector continues to attract significant investment as companies innovate to meet evolving market demands. Stoke Space's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $510M valuation marks an important milestone for Stoke Space, positioning the company among notable players in the Aerospace industry.
Looking Ahead
With this new capital, Stoke Space is well-positioned to execute on its growth strategy and continue building innovative solutions in the Aerospace space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
---
This fundraising news was reported on 2024-09-25. For more information about Stoke Space, visit their headquarters at 3620 Willows Road, Redmond, WA 98052.
