Company Directory / B2B
PrivateFor profitB2BHarwell, United Kingdom
Magdrive
Magdrive is working on advanced spacecraft propulsion for satellites in Low Earth Orbit (LEO).
- Founded
- 2019 7 years ago
- Staff
- 11-50 band, as listed
- Followers
- - on LinkedIn
- Funding
- $11M as listed, currency not stated
Set against six million companies
Size
11-50 people: larger than 33% of companies with a size listed
Age
7 years old.
Reach
No web traffic ranking listed.
What it does
B2BManufacturingSpace Travel
Funding, as listed
$11M currency not stated
- Rounds3
- LatestNon equity assistance, Sept 2022
- Investors5, 2 leading
What the source datasets report. We have not watched these rounds ourselves.
Every detail we hold
Everything the source datasets list about Magdrive, field by field. Contact details are held but never shown.
The company
- Name
- Magdrive
- Type
- For profit
- Status
- Private
- Founded
- 2019
- Founders
- Mark Stokes, Thomas Clayson
- Industry
- B2B
- Categories
- B2B, Manufacturing, Space Travel
Where
- City
- Harwell
- Country
- United Kingdom
- Markets
- Europe, Middle East, and Africa (EMEA)
Size and reach
- Staff band
- 11-50
Funding, as listed
- Total
- 10,517,726 (currency not stated)
- Rounds
- 3
- Latest round
- Non equity assistance
- Latest round date
- Sept 2022
- Investors
- 5
- Lead investors
- 2
- Listing status
- private
About this record
- Sources
- Crunchbase
- Last imported
- Sept 2026
Growth, as the source summarises it
Magdrive may be growing due to recent financial developments in the space industry that are likely to benefit the company. The UK government has announced a significant investment of £47 million to enhance space infrastructure, which could provide opportunities for companies like Magdrive that specialize in spacecraft propulsion. This investment is aimed at supercharging the space sector, where Magdrive operates, indicating a supportive environment for growth. Additionally, a broader commitment to investing in science for growth, as confirmed by the Chancellor, suggests a favorable funding landscape for technological advancements in sectors such as space travel.
Summaries written by the source dataset, not by us, and not checked.
Companies like it
B2B in United Kingdom.
From the company datasets we hold (Crunchbase, LinkedIn and Apollo listings), as listed there; 372,993 companies in United Kingdom and 5,926,251 in all. We hold no contact details for public display. Correct this, or ask for it to be removed.