Matthew Brown Companies is a family office and venture capital firm that has invested in space-related companies like SpaceX and, allegedly, offered to invest in Virgin Orbit. Matthew Brown Companies focuses on investments in the Aerospace and Defense industries, along with Commercial Services and Energy Infrastructure. The firm has been identified as actively seeking new investments in space, biotech, clean tech, and pharma, with investment ranging from $500K to $50M. However, the SEC has filed a complaint against Matthew Brown Companies alleging a fraudulent scheme involving a bogus investment offer to Virgin Orbit.
All verified mentions of this organization in source documents.
The reported $200,000,000 investment from Matthew Brown Companies for Virgin Orbit fell through, prompting Virgin Orbit to postpone plans to bring back more employees.
Virgin Orbit brought some employees back on 2023-03-22 to continue preparations for a next LauncherOne mission while pursuing a reported $200,000,000 investment from Matthew Brown Companies.
Virgin Orbit is in talks with venture fund Matthew Brown Companies to raise up to $200,000,000 through a private share placement, with the deal potentially closing as soon as 2023-03-24.