Varda Space secures $187 million Series C funding to further development of pharmaceutical manufacturing in space.
The funding will be used to build a new laboratory facility in California to conduct research on biologics in space.
Varda aims to solve pharmaceutical manufacturing problems and generate intellectual property by leveraging space-based research.
Funding led by Natural Capital and Shrug Capital, with contributions from Peter Thiel, Lux Capital, Khosla Ventures, and Caffeinated Capital. Varda has successfully launched and returned three missions since 2023.