What is Space Forge?
Space Forge is at the forefront of utilizing the unique conditions of space, specifically microgravity, to manufacture ultra-high quality semiconductor substrates. These materials are critical for advanced applications in power electronics, telecommunications, and quantum computing. By exploiting the near-zero pressure and weightlessness of space, Space Forge enables superior crystal formation and alloy mixing compared to terrestrial methods. The company's ForgeStar Platform offers rapid and reliable access to space for these specialized manufacturing missions, positioning it as a key enabler for future technological advancements.
How much funding has Space Forge raised?
Space Forge has raised a total of $40.2M across 2 funding rounds:
Angel/Seed
$10.2M
Series A
$30M
Angel/Seed (2021): $10.2M with participation from Type One Ventures, Space, and Spacefund
Series A (2025): $30M led by NATO Innovation Fund, British Business Bank, and World Fund
Key Investors in Space Forge
NATO Innovation Fund
The NATO Innovation Fund is a venture capital fund backed by 24 NATO allies, investing over 1 billion euros in deep tech to enhance defense, security, and resilience for its member nations. It focuses on cutting-edge technologies such as novel materials, energy innovation, artificial intelligence, and quantum technologies, aiming to empower ambitious founders to tackle global challenges.
British Business Bank
British Business Finance is a wholly owned subsidiary of British Business Bank plc and located in Sheffield, United Kingdom. Its aim is to increase the supply of credit to small and medium enterprises as well as providing business advice services.
World Fund
World Fund is a leading European venture capital fund that invests in entrepreneurs developing climate technology capable of reducing at least 100 million tons of CO2e emissions annually. The fund supports startups from Seed to Series B stages, focusing on those with significant climate performance potential.
What's next for Space Forge?
With the infusion of $30M in its latest major strategic investment, Space Forge is poised to accelerate its development and scaling efforts. This enterprise-level funding suggests a transition towards broader market penetration and potentially larger-scale production capabilities. The company's focus on advanced materials for critical sectors indicates a strategic alignment with global technological trends, particularly in areas like AI, 5G, and quantum computing. Future endeavors will likely involve expanding its ForgeStar Platform's reach and solidifying its position as a leader in space-based manufacturing, aiming to meet the growing demand for high-performance semiconductor substrates.
See full Space Forge company page
