Southern Launch Raises $25 Mn in Series A Round led by Brindabella

The company will use the new funding to expand its spaceport infrastructure, hire more employees, and strengthen its launch, spacecraft re-entry, and range services.

The funding round was led by Brindabella and Company and included a $10 million investment from the National Reconstruction Fund Corporation (NRFC). Other investors included former Macquarie Group executives Nicholas Moore and Alex Harvey, along with Coupland Asset Management.

Southern Launch CEO Lloyd Damp said, "This raise is a major milestone for Southern Launch and a strong vote of confidence in Australia's sovereign space capability. With the backing of world-class investors and the Australian Federal Government through the NRFC, we are scaling infrastructure and capabilities to position Australia as a global leader in launch and re-entry, while unlocking new economic opportunities in low-Earth orbit and beyond."

“Southern Launch is a globally unique business supporting orbital & sub-orbital launch, range testing services for terrestrial & maritime UAS & C-UAS, hypersonic testing, in addition to the burgeoning microgravity drug discovery industry,” said Brindabella & Company CEO Anthony Wilson. “Southern Launch is well positioned to help Australia become a global centre in the rapidly growing trillion-dollar space economy.”

NRFC CEO David Gall said, "Southern Launch meets a critical need for rocket launch and re-entry services in the Southern Hemisphere and NRFC investment addresses a global bottleneck in the space industry by securing this sovereign capability for Australia.”

Founded in 2017, Southern Launch is a space company that provides launch and space mission services. It operates spaceports and testing facilities for rocket launches, spacecraft re-entry, and other space activities.

The company works with commercial businesses, government agencies, and research organizations to help them launch, test, and recover space technologies safely and efficiently.

Southern Launch aims to support the growth of Australia's space industry by providing reliable infrastructure and services for space missions.

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