Stoke Space, a UK-based company that specializes in designing and manufacturing high-performance materials for space applications, has secured £190 million in Series C funding. The investment round was led by IPF Partners, with participation from existing investors including Balderton Capital and Mercia Fund Management.
The new funds will be used to scale up Stoke Space's production capabilities and expand its operations to meet growing demand for its advanced materials. According to the company, its products are being used in a range of applications, including satellite components, rocket nozzles, and heat shields.
Stoke Space was founded in 2017 by Dr. Nick Stelldorf, who has a background in materials science and space technology. The company's products are designed to be lightweight, high-strength, and resistant to extreme temperatures – making them ideal for use in the harsh environment of space.
The funding round brings Stoke Space's total investment to over £300 million since its inception. The company has already secured several major contracts with leading space companies, including Airbus and Virgin Orbit.
The growth in demand for advanced materials in the space industry is driven by a number of factors, including the increasing number of private space launches and the development
of new space-based technologies such as satellite constellations and lunar missions.
As a result, companies like Stoke Space are playing an increasingly important role in supporting these initiatives. The company's products are being used to enable more efficient and cost-effective access to space, as well as to support the development of new space-based technologies.
Stoke Space's success is also reflected in its strong team, which includes experts in materials science, mechanical engineering, and project management. The company has established partnerships with leading universities and research institutions to stay at the forefront of material science research and development.
The investment from IPF Partners, Balderton Capital, and Mercia Fund Management will provide Stoke Space with the resources it needs to accelerate its growth plans and expand its operations. The company is confident that its products will continue to play a critical role in supporting the growing space industry.
With this new funding, Stoke Space is well-positioned to capitalize on the growing demand for advanced materials in the space industry. The company's commitment to innovation and collaboration with leading space companies means it is poised to remain at the forefront of material science research and development.