What is Craft Prospect?
Founded in 2017 and headquartered in Glasgow, United Kingdom, Craft Prospect specializes in architecting and delivering smarter satellites. The company leverages limited resources to create efficient and effective solutions, targeting the burgeoning global small satellite market. Their mission is to realize SMART SECURE SPACE through the development of mission-enabling products and novel mission applications, positioning them as a key player in the next generation of space technology.
How much funding has Craft Prospect raised?
Craft Prospect has raised a total of $2.7M across 3 funding rounds:
Multiple Rounds
$2.7M
Other Financing Round (2021): $1.1M with participation from Capital for colleagues
Grant (2021): $403K led by University of Strathclyde Glasgow
Grant (2021): $1.2M supported by UK Government
Key Investors in Craft Prospect
Capital for colleagues
Capital for colleagues is an investment firm dedicated to supporting employee-owned businesses, providing advice and growth capital to companies transitioning to or enhancing employee ownership structures.
University of Strathclyde Glasgow
The University of Strathclyde Glasgow is a leading technological university recognized for its research and industry engagement, particularly in energy innovation and advanced manufacturing.
UK Government
The UK Government, through its official channels, supports various sectors including advanced technology and innovation, contributing to the growth of domestic industries.
What's next for Craft Prospect?
The substantial enterprise-level funding and strategic investment indicate Craft Prospect is poised for significant scaling and further product development. This backing will likely accelerate their efforts in enhancing satellite capabilities and expanding their market reach within the competitive small satellite sector. The company's focus on making full use of available resources suggests a commitment to sustainable and efficient space engineering, aligning with future industry trends.
See full Craft Prospect company page
