Magdrive raised £8.3m in a seed funding round led by Redalpine to establish a US office and continue development of high-thrust electric propulsion systems.
Amount Raised
£8.3 Million
Round Type
Seed
OxfordshireManufacturingAerospaceSatellite CommunicationInvestors
Description
Oxfordshire-based Magdrive raised £8.3m in a seed funding round aimed at creating next-generation spacecraft propulsion. The funds will be used to establish a US office and further research and development for its propulsion systems.
Quick answer
Magdrive raised £8.3 Million in a Seed round, dated February 25, 2025. Investors: Balerion, Alumni Ventures, Outsized Ventures, 7percent, Redalpine, Founders Fund and Entrepreneur First. Magdrive is based in Oxfordshire, England, United Kingdom.
- How much did Magdrive raise?
- Magdrive raised £8.3 Million in a Seed round on February 25, 2025.
- Who invested in Magdrive?
- Balerion, Alumni Ventures, Outsized Ventures, 7percent, Redalpine, Founders Fund and Entrepreneur First are named as investors in this round.
- What does Magdrive do?
- Magdrive is a startup focused on developing next-generation propulsion systems for spacecraft.
- Where is Magdrive based and how big is it?
- Magdrive is based in Oxfordshire, England, United Kingdom. Fundz records about 10 employees.
- Who are the decision-makers at Magdrive?
- Fundz holds 1 contact at Magdrive. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Aerospace and Satellite Communication around the same time
Companies in the same sectors as Magdrive that raised within 45 days of this round, from Fundz verified event records.
- Dream Aerospace raised $347K (Pre-Seed) on January 23, 2025.
- Stoke Space raised $260M (Funding Round) on January 15, 2025.
- Stoke Space raised $260M (Series C) on January 15, 2025.
- Portal Space Systems raised $18M (Seed) on April 3, 2025.
- Pangea Aerospace raised $27M (Series A) on March 24, 2025.
- Rangsons Aerospace raised $37M on March 13, 2025.
Who to call at Magdrive, and when
A new round usually means Magdrive is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Magdrive raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Magdrive, from your own LinkedIn network
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Related People
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