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, high-performance satellite 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
University of Strathclyde Glasgow
University of Strathclyde Glasgow is an academic institution likely contributing research and development expertise to the space engineering sector.
Capital for colleagues
Capital for colleagues is an investment firm that supports business growth, potentially providing strategic financial backing and advisory services to Craft Prospect.
UK Government
The UK Government, through its various agencies, likely provided grant funding to support innovation and development within the UK's space engineering industry.
What's next for Craft Prospect?
With the recent major strategic investment and substantial overall capital, Craft Prospect is poised for accelerated development and market expansion. The company's focus on making full use of available resources to design smarter satellites aligns with the increasing demand for cost-effective and agile space solutions. This strategic financing is expected to fuel further innovation in their product lines and enhance their capabilities in delivering mission-enabling technologies, solidifying their position in the competitive small satellite sector.
See full Craft Prospect company page
