Spacetech startup Axiom Space raised $130 mn from a group of investors, allowing the company to push ahead with its long-term ambitions of establishing a private space station. The Series B round was led by C5 Capital with TQS Advisors, Declaration Partners, Moelis Dynasty Investments, Washington University in St. Louis, many others participating.
The funding will allow the company to expand, including doubling its current workforce of about 110 people this year, Michael Suffredini, president and chief executive of Axiom, said in an interview. “This is a really the major step for us, the B round is typically where you get your first large investment, but more importantly than the money is the community of investors that you put together, so that future rounds are largely from those investors,” he added.
As part of the deal, Rob Meyerson, an operating partner at C5 and former longtime president of Blue Origin, will join Axiom’s board. “Axiom Space is a force in the space sector, and it will become a centerpiece of the C5 Capital portfolio and enhance our vision for a secure global future,” Meyerson said in a statement about the investment round.