United Kingdom · Funded startup

Who invested in Space Forge

6 rounds we have observed, with the 8 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Aerospace & SpaceDefence TechManufacturingSemiconductors

Raised 5 months ago

Funding summaryUpdated 5 Nov 2026

$74Mraised across 6 rounds since 2021, from 7 sources

$26MSeries A$30MSeries A$13MGrant
Latest round
Grant, $13MJun 2026
Biggest round
$30MSeries A · May 2025
Investors
8 (1 led)
See who backed them

The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

20222023202420252026
$3.3MSeed$26MSeries A$584KSeries A$1.2MSeries A$30MSeries A$13MGrant
First round
Seed, $3.3M
Nov 2021
Biggest round
$30M
Series A · May 2025
Usual gap between rounds
4 months
the median of 5
Space ForgeAerospace1 / 7Their pitch deckSpace Forge's pitch deck, 7 slidesEach slide read for what it argues, against the decks that raised at the same stage.

The rounds

  1. Jun 2026
  2. May 2025
  3. Jan 2025
    Series A$1.2M

    No investor was named in the report.

    Shares issued, filed with Companies House (SH01); no report of this raise yet

  4. Oct 2024
    Series A$584K

    No investor was named in the report.

    Shares issued, filed with Companies House (SH01); no report of this raise yet

  5. Jul 2024
    Series A$26M

    No investor was named in the report.

    Shares issued, filed with Companies House (SH01); no report of this raise yet

  6. Nov 2021
    Seed$3.3M

    No investor was named in the report.

    Shares issued, filed with Companies House (SH01); no report of this raise yet

Funding filed with regulators

Space Forge filed 4 raises, $31M in all. Filings say how much was sold and to how many investors; they never name the investors.

  1. Jan 2025$1.2MUK share allotment
  2. Oct 2024$584KUK share allotment
  3. Jul 2024$26MUK share allotment
  4. Nov 2021$3.3MUK share allotment

Founders and team

From Space Forge's own website: 2 founders, 7 on the team.

Joshua WesternCEO & Co-Founder
Andrew BaconCTO & Co-Founder
  • Michelle FlemmingPresident, Space Forge Inc.
  • Simon ChalkleyChief Engineer
  • Andrew GriffithsHead of Semiconductor Engineering
  • Darren CadmanHead of Semiconductor Business Development
  • Benedict OlivierNon-Executive Director
  • Patrick McCallNon-Executive Director
  • Scott WhiteChair

AdvisersAlastair McGibbonRodger Sykes

Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

Everyone who backed them

GaingelsPrivate equity2rounds
Development Bank of WalesGovernment2rounds
British Business BankCorporate VC2rounds
NATO Innovation Fund (NIF)VC firm1round, led 1
FJ LabsVC firm1round
Quiet CapitalVC firm1round
World FundVC firm1round

Missing a round, or an investor who was in one? Tell us.

Also claim to have backed them

These 6 firms list Space Forge as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

Unruly CapitalVC firmPer its own site
Helios CapitalFamily officePer its own site
Stellar VenturesVC firmPer its own site
Helium-3 VenturesVC firmPer its own site
Morgan Brook CapitalPrivate equityPer its own site

Quick answers about Space Forge

Who invested in Space Forge?

Space Forge's investors include Gaingels, Development Bank of Wales, British Business Bank, Stellar Development Foundation and NATO Innovation Fund (NIF), and 3 more on record.

How much has Space Forge raised?

Space Forge has raised $74M across 6 rounds since 2021.

When did Space Forge last raise?

Space Forge's most recent round was a Grant of $13M in Jun 2026.

What was Space Forge's biggest round?

Space Forge's largest round on record is $30M (Series A), in May 2025, led by NATO Innovation Fund (NIF).

Who backed Space Forge first?

Space Forge's first round on record, in May 2025, was backed by NATO Innovation Fund (NIF), Gaingels and FJ Labs and 4 others.

What stage is Space Forge at?

Space Forge's latest named round is a Grant, in Jun 2026.

Where is Space Forge based?

Space Forge is based in the United Kingdom.

Who led Space Forge's rounds?

NATO Innovation Fund (NIF) led the Series A in 2025.

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