Varda

About

Varda is a space manufacturing startup that focuses on creating products in space for terrestrial applications.

San Francisco,California,United States
1 - 10
http://varda.com/

Highlights

Details

Last Funding Type: Series A
Last Funding Money Raised: $42M
Industries: Aerospace,Manufacturing,Product Design
Founded date: Jan 1, 2020
Number Of Employee: 1 - 10
Operating Status: Active
Legal Name: Varda Space Industries, Inc.
Also Known As: Varda Space Industries,Varda Space

Varda is a space manufacturing startup that focuses on creating products in space for terrestrial applications. They aim to manufacture things in space that benefit from low gravity. The company intends to create an infrastructure that harvests source materials for new products in-space via asteroid mining.

The company was founded in 2020 by Delian Asparouhov and Trae Stephens.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

5

$51.02M

Varda has raised a total of $51.02M in funding over 2 rounds. Their latest funding was raised on Dec 2, 2021 from a Grant round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Dec 2, 2021	Grant	$25K	2	—	—	Detail
Jul 21, 2021	Series A	$42M	10	Khosla Ventures	—	Detail
Dec 23, 2020	Funding Round	—	1	—	—	Detail
Dec 23, 2020	Seed	—	—	—	—	Detail
Dec 9, 2020	Seed	$9M	10	Founders Fund Lux Capital	—	Detail

Investors

Number of Lead Investors

Number of Investors

3

19

Varda is funded by 19 investors. Khosla Ventures and Air Force Research Laboratory are the most recent investors.

Investor Name	Lead Investor	Funding Round
Khosla Ventures	Yes	Series A
Air Force Research Laboratory	—	Grant
CNM Ingenuity	—	Grant
General Catalyst	—	Series A
Balius Partners	—	Series A
Bossanova Investimentos	—	Series A
Caffeinated Capital	—	Series A
Coughdrop Capital	—	Series A
Fifty Years	—	Series A
Founders Fund	—	Series A