Queensland firm secures $61m to launch hybrid-propulsion rockets

July 1st, 2021

Space Connect, Other, 30/06/2021
Queensland-based Gilmour Space Technologies has secured $61 million in funding to launch its first orbital rocket next year. The business, founded by two brothers in 2013, secured the cash from venture capital investors as part of their Series C round funding, now raising a total of $87 million. […] Before this announcement, Blackbird Ventures led the first series of funding in 2017, granting the company AU$5 million, following $19 million in 2018 as part of the series B funding led by Main Sequence (deep tech investment founded by CSIRO).

Read more: https://www.spaceconnectonline.com.au/launch/4953-queensland-firm-secures-61m-to-launch-hybrid-propulsion-rockets