Space Forge

Investor: European Space Agency’s General Support Technology Programme

Space Forge, a Cardiff-based space technology company, has secured £10 million in funding from the European Space Agency’s General Support Technology Programme to advance its in-space manufacturing capabilities, specifically focusing on the development of its reusable Pridwen heat shield system.Summary of transaction details:Value: £10,000,000Sector: DeepTech & Space ManufacturingAdvisor: Not mentionedKey Entities: Space Forge (Target), European Space Agency’s General Support Technology Programme (Funder), UK Space Agency (Backing Investment)Location: Cardiff, UK (Target)Note: This funding is critical for Space Forge's mission to commercialize the return of in-orbit manufactured materials, aiming to make the process of bringing high-value items from space simpler, safer, and more cost-effective through their innovative Pridwen heat shield technology.

Investor: European Space Agency

Space Forge, a Cardiff-based innovator in in-space manufacturing, has successfully secured £10 million in funding from the European Space Agency’s General Support Technology Programme. This investment is earmarked for the commercialisation of 'Pridwen', a novel fold-out heat shield system designed to facilitate the safe and routine return of space-manufactured materials, particularly advanced semiconductors.Summary of transaction details:Value: £10,000,000Sector: DeepTech & AI (In-space Manufacturing, Semiconductors)Advisor: Not specifiedKey Entities: Target: Space Forge, Investor: European Space AgencyLocation: Cardiff, UK (Space Forge is based)Note: This significant funding will enable Space Forge to bridge the critical gap between manufacturing next-generation materials in orbit and delivering them commercially to Earth. The Pridwen heat shield technology is essential for establishing a scalable and repeatable process for high-value space-grown products, marking a key step in the burgeoning space economy.

Investor: The British Business Bank, NATO Innovation Fund (NIF), the National Security Strategic Investment Fund (NSSIF), World Fund

Space Forge, a UK-based space manufacturer, successfully raised £22.6 million in a Series A funding round in 2025, achieving the distinction of the largest Series A investment in UK space tech history. Summary of transaction details: Value: £22.6 million Sector: DeepTech & AI (Space Technology) Advisor: N/A Key Entities: Space Forge (Target Company) Location: UK Note: This significant Series A round demonstrates the UK's capacity to attract substantial investment into its deep technology and space sectors, supporting the growth of innovative scaleups and reinforcing the nation's position in global technological advancements.

Investor: Nato’s Innovation Fund

Space Forge, a Cardiff-based start-up, has secured funding from Nato’s $1bn investment fund to launch robotic factories into space, aiming to manufacture crystals for advanced microchips, new medicines, and super-alloys. Summary of transaction details: Value: $1bn Sector: DeepTech & AI Advisor: Not disclosed Key Entities: Space Forge, Nato’s Innovation Fund Location: Cardiff, UK Note: This investment is part of Nato’s strategy to foster “dual-use” technologies, supporting defence, security, and resilience within the alliance, and underscores the growing importance of space-based technologies in the global economy and defence landscape.

Investor: SpaceFund, World Fund

Investor: Helios Capital, Newable Ventures, Type One Ventures, BPEC, E2MC, DBW, Space Fund, Space.vc, George T Whitesides, Dylan Taylor