# Space Forge funding: rounds and investors > Space Forge has raised $74M across 6 rounds since 2021. Investors include Gaingels, Development Bank of Wales and British Business Bank. Source: https://millionrounds.com/company/space-forge (Millionrounds; every figure on the page links to its filing or article) United Kingdom · [Funded startup](https://millionrounds.com/companies) # 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 & Space Defence Tech Manufacturing Semiconductors Raised 5 months ago Follow Space Forge and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fcompany%2Fspace-forge) Funding summary Updated 5 Nov 2026 **$74M** raised across 6 rounds since 2021, from 7 sources **$26M** Series A **$30M** Series A **$13M** Grant - **Latest round:** Grant, $13M Jun 2026 - **Biggest round:** $30M Series 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. 2022 2023 2024 2025 2026 **$3.3M** Seed **$26M** Series A **$584K** Series A **$1.2M** Series A **$30M** Series A **$13M** Grant - **First round:** Seed, $3.3M - **Biggest round:** $30M - **Usual gap between rounds:** 4 months [**Space Forge** Aerospace 1 / 7 Their pitch deck **Space Forge's pitch deck, 7 slides** Each slide read for what it argues, against the decks that raised at the same stage.](https://millionrounds.com/decks/space-forge) ## The rounds - **Jun 2026** Grant **$13M** *1 new* *4 returning* [Gaingels](https://millionrounds.com/fund/gaingels) [Quiet Capital](https://millionrounds.com/fund/quiet-capital) [Development Bank of Wales](https://millionrounds.com/fund/development-bank-of-wales) [British Business Bank](https://millionrounds.com/fund/national-security-strategic-investment-fund) [Stellar Development Foundation](https://millionrounds.com/fund/stellar-development-foundation) Source recorded - **May 2025** Series A **$30M** *7 new* [NATO Innovation Fund (NIF)](https://millionrounds.com/fund/nato-innovation-fund) Lead [Gaingels](https://millionrounds.com/fund/gaingels) [FJ Labs](https://millionrounds.com/fund/fj-labs) [Development Bank of Wales](https://millionrounds.com/fund/development-bank-of-wales) [British Business Bank](https://millionrounds.com/fund/national-security-strategic-investment-fund) [Stellar Development Foundation](https://millionrounds.com/fund/stellar-development-foundation) [World Fund](https://millionrounds.com/fund/world-fund) Reported by TechCrunch and 1 other - **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 - **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 - **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 - **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. - Jan 2025 **$1.2M** UK share allotment - Oct 2024 **$584K** UK share allotment - Jul 2024 **$26M** UK share allotment - Nov 2021 **$3.3M** UK share allotment ## Founders and team From Space Forge's own website: 2 founders, 7 on the team. **Joshua Western** CEO & Co-Founder **Andrew Bacon** CTO & Co-Founder - **Michelle Flemming** President, Space Forge Inc. - **Simon Chalkley** Chief Engineer - **Andrew Griffiths** Head of Semiconductor Engineering - **Darren Cadman** Head of Semiconductor Business Development - **Benedict Olivier** Non-Executive Director - **Patrick McCall** Non-Executive Director - **Scott White** Chair Advisers *Alastair McGibbon* *Rodger 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. **Seed** 2021 **Series A** 2024 **Series A** 2024 **Series A** 2025 **Series A** 2025 **Grant** 2026 [Gaingels](https://millionrounds.com/fund/gaingels) [Development Bank of Wales](https://millionrounds.com/fund/development-bank-of-wales) [British Business Bank](https://millionrounds.com/fund/national-security-strategic-investment-fund) [Stellar Development Foundation](https://millionrounds.com/fund/stellar-development-foundation) [NATO Innovation Fund (NIF)](https://millionrounds.com/fund/nato-innovation-fund) L [FJ Labs](https://millionrounds.com/fund/fj-labs) [Quiet Capital](https://millionrounds.com/fund/quiet-capital) [World Fund](https://millionrounds.com/fund/world-fund) ## Everyone who backed them [Gaingels](https://millionrounds.com/fund/gaingels) Private equity **2** rounds [Development Bank of Wales](https://millionrounds.com/fund/development-bank-of-wales) Government **2** rounds [British Business Bank](https://millionrounds.com/fund/national-security-strategic-investment-fund) Corporate VC **2** rounds [Stellar Development Foundation](https://millionrounds.com/fund/stellar-development-foundation) Corporate VC **2** rounds [NATO Innovation Fund (NIF)](https://millionrounds.com/fund/nato-innovation-fund) VC firm **1** round, led 1 [FJ Labs](https://millionrounds.com/fund/fj-labs) VC firm **1** round [Quiet Capital](https://millionrounds.com/fund/quiet-capital) VC firm **1** round [World Fund](https://millionrounds.com/fund/world-fund) VC firm **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=space-forge). ## 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 Capital](https://millionrounds.com/fund/unruly-capital) VC firm Per its own site [National Security Strategic Investment Fund (NSSIF)](https://millionrounds.com/fund/national-security-strategic-investment-fund-nssif) Corporate VC Per its own site [Helios Capital](https://millionrounds.com/fund/helios-capital) Family office Per its own site [Stellar Ventures](https://millionrounds.com/fund/stellar-ventures) VC firm Per its own site [Helium-3 Ventures](https://millionrounds.com/fund/helium-3-ventures) VC firm Per its own site [Morgan Brook Capital](https://millionrounds.com/fund/morgan-brook-capital) Private equity Per 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. ## Companies like Space Forge In the same sector, and raised in the last eighteen months. [**Fractile** $960M · Oct 2026](https://millionrounds.com/company/fractile)[**Open Cosmos** $737M · Oct 2026](https://millionrounds.com/company/open-cosmos)[**HydRegen** $12M · Oct 2026](https://millionrounds.com/company/hydregen)[**Salience Labs** $169M · Oct 2026](https://millionrounds.com/company/salience-labs)[**MintNeuro** $26M · Oct 2026](https://millionrounds.com/company/mintneuro)[**Living Optics** $61M · Oct 2026](https://millionrounds.com/company/living-optics) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app