The Scottish National Investment Bank is Scotland's development bank that provides funding and investment to support economic growth across Scotland. It invests in businesses and projects across various industries, including the space industry, that align with its missions of achieving net-zero emissions, transforming communities, and scaling up innovation and technology. The bank provides long-term capital through equity investments, debt, or third-party funds. A key investment in the space sector includes backing Orbex, a Scottish launch services company, to develop launch vehicles and construct a spaceport.
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The Scottish National Investment Bank provided a £10.5 million follow-on investment in Orbex’s Series C funding round.
Construction of Spaceport Sutherland is an ongoing factor affecting the timing of Prime’s launch, and Nicola Douglas, executive director of innovation at the Scottish National Investment Bank, expects Spaceport Sutherland to be completed 2024.
Orbex secured £40.4 million in a Series C funding round led by Scottish National Investment Bank.
Orbex raised £40,400,000in a Series C round led by the Scottish National Investment Bank.
Orbex secured £40.4 million in a Series C funding round led by the Scottish National Investment Bank.
Orbex raised £40,400,000 ($45,800,000) in a Series C funding round on 2022-10-18 led by the Scottish National Investment Bank.
The July 2021 seed investment round for Krucial was led by US-based venture capital firm Space Capital and joined by the Scottish National Investment Bank.
Since 2012, Spire Global has secured around $180,000,000 in capital from investors including Bessemer Venture Partners, RRE Ventures, Scottish Investment Bank, Seraphim Capital, and Lemnos.
Spire Global announced over $40,000,000 in new funding on 2019-09-25 from strategic partners ITOCHU, Mitsui, and Scottish Investment Bank and financial investors led by the GPO Fund, Perennial Value Management Limited, and Bessemer Ventures.