Varda Space Industries has raised $187 million in a Series C funding round led by Natural Capital and Shrug Capital, with participation from other investors.
The latest funding round brings the company's total raise to $329 million.
Varda has completed three successful launch and return missions since its first mission in 2023, with a fourth in orbit and a fifth expected to launch soon.
The company is known for its microgravity research and orbital laboratories that are pioneering new drug formulations through material processing in space.