# Varda Space Industries funding: rounds and investors > Varda Space Industries has raised $438M across 2 rounds since 2025. Investors include Shrug Capital, Alumni Ventures and General Catalyst. Source: https://millionrounds.com/company/varda-space-industries (Millionrounds; every figure on the page links to its filing or article) United States · [Series D startup](https://millionrounds.com/companies) # Who invested in *Varda Space Industries* 2 rounds we have observed, with the 6 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 Biotech Manufacturing Raised 1 month ago Follow Varda Space Industries and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fcompany%2Fvarda-space-industries) Funding summary Updated 27 Oct 2026 **$438M** raised across 2 rounds since 2025, from 3 sources **$187M** Series C **$251M** Series D - **Latest round:** Series D, $251M Oct 2026 - **Step-up i:** 1.3× - **Investors:** 6 (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. 2026 **$187M** Series C **$251M** Series D - **First round:** Series C, $187M - **Biggest round:** $251M - **Between rounds:** 15 months ## The rounds - **Oct 2026** Series D **$251M** No investor was named in the report. Reported by The Recursive - **Jul 2025** Series C **$187M** *6 new* [Shrug Capital](https://millionrounds.com/fund/shrug-capital) Lead [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) [General Catalyst](https://millionrounds.com/fund/general-catalyst) [Khosla Ventures](https://millionrounds.com/fund/khosla-ventures) [Founders Fund](https://millionrounds.com/fund/founders-fund) [Lux Capital](https://millionrounds.com/fund/lux-capital) Reported by TechStartups and 1 other ## Founders and team From the SEC filings it signed: 1 on the team. - **William Bruey** Executive Officer, Director i On the board, as filed i *Delian Asparaouhov* *Michael Annunziata* *Samir Kaul* *Shahin Farshchi* ## 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. **Series C** 2025 **Series D** 2026 [Shrug Capital](https://millionrounds.com/fund/shrug-capital) L [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) [General Catalyst](https://millionrounds.com/fund/general-catalyst) [Khosla Ventures](https://millionrounds.com/fund/khosla-ventures) [Founders Fund](https://millionrounds.com/fund/founders-fund) [Lux Capital](https://millionrounds.com/fund/lux-capital) ## Everyone who backed them [Shrug Capital](https://millionrounds.com/fund/shrug-capital) VC firm **1** round, led 1 [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) VC firm **1** round [General Catalyst](https://millionrounds.com/fund/general-catalyst) VC firm **1** round [Khosla Ventures](https://millionrounds.com/fund/khosla-ventures) VC firm **1** round [Founders Fund](https://millionrounds.com/fund/founders-fund) VC firm **1** round [Lux Capital](https://millionrounds.com/fund/lux-capital) VC firm **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=varda-space-industries). ## Also claim to have backed them These 25 firms list Varda Space Industries 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. [Justin Mateen](https://millionrounds.com/fund/justin-mateen) VC firm Per its own site [Sinai Ventures](https://millionrounds.com/fund/sinai-ventures) VC firm Per its own site [Brainstorm Ventures](https://millionrounds.com/fund/brainstorm-ventures) VC firm Per its own site [Julia DeWahl](https://millionrounds.com/fund/julia-dewahl) VC firm Per its own site [McNamara Family Investments](https://millionrounds.com/fund/mcnamara-family-investments) Family office Per its own site [Beyond Capital](https://millionrounds.com/fund/beyond-capital-5) VC firm Per its own site [Block City Ventures](https://millionrounds.com/fund/block-city-ventures) VC firm Per its own site [Commodity Capital](https://millionrounds.com/fund/commodity-capital) VC firm Per its own site [Earthrise Ventures](https://millionrounds.com/fund/earthrise-ventures) VC firm Per its own site [Entrepreneur Ventures](https://millionrounds.com/fund/entrepreneur-ventures) Corporate VC Per its own site [Fourth Realm VC](https://millionrounds.com/fund/fourth-realm-vc) VC firm Per its own site [Giant Step Capital](https://millionrounds.com/fund/giant-step-capital) VC firm Per its own site [Inertia Ventures](https://millionrounds.com/fund/inertia-ventures) VC firm Per its own site [Kinled Holding](https://millionrounds.com/fund/kinled-holding) Private equity Per its own site [LFG Capital Management LLC](https://millionrounds.com/fund/lfg-capital-management-llc) Investor Per its own site [LFG Holdings](https://millionrounds.com/fund/lfg-ventures) VC firm Per its own site [Launchbay Capital](https://millionrounds.com/fund/launchbay-capital) Growth equity Per its own site [ODC Ventures](https://millionrounds.com/fund/odc-ventures) Family office Per its own site [Octant Ventures](https://millionrounds.com/fund/octant-ventures) VC firm Per its own site [Sinai Capital Partners](https://millionrounds.com/fund/sinai-capital-partners) VC firm Per its own site [Solari Capital](https://millionrounds.com/fund/solari-capital) VC firm Per its own site [Summit Peak Investments](https://millionrounds.com/fund/summit-peak-investments) Fund of funds Per its own site [VU Venture Partners](https://millionrounds.com/fund/vu-venture-partners) VC firm Per its own site [baris.vc](https://millionrounds.com/fund/baris-vc) VC firm Per its own site [fvt.vc](https://millionrounds.com/fund/fvt-vc) VC firm Per its own site ## Quick answers about Varda Space Industries ### Who invested in Varda Space Industries? Varda Space Industries's investors include Shrug Capital, Alumni Ventures, General Catalyst, Khosla Ventures and Founders Fund, and 1 more on record. ### How much has Varda Space Industries raised? Varda Space Industries has raised $438M across 2 rounds since 2025. ### When did Varda Space Industries last raise? Varda Space Industries's most recent round was a Series D of $251M in Oct 2026. ### What was Varda Space Industries's biggest round? Its most recent round, $251M in Oct 2026, is also its largest on record. ### Who backed Varda Space Industries first? Varda Space Industries's first round on record, in Jul 2025, was backed by Shrug Capital, Alumni Ventures and General Catalyst and 3 others. ### What stage is Varda Space Industries at? Varda Space Industries's latest named round is a Series D, in Oct 2026. ### Where is Varda Space Industries based? Varda Space Industries is based in the United States. ### Who led Varda Space Industries's rounds? Shrug Capital led the Series C in 2025. ## Companies like Varda Space Industries In the same sector, and raised in the last eighteen months. [**Ayar Labs** $904M · Oct 2026](https://millionrounds.com/company/ayar-labs)[**SpaceX** $42B · Oct 2026](https://millionrounds.com/company/spacex)[**Apex** $1.1B · Oct 2026](https://millionrounds.com/company/apex)[**Xona** $512M · Oct 2026](https://millionrounds.com/company/xona)[**Star Therapeutics** $325M · Oct 2026](https://millionrounds.com/company/star-therapeutics)[**Peak Energy** $163M · Oct 2026](https://millionrounds.com/company/peak-energy) ## 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