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Spacex Rival: Reusable Rocket Startup Stoke Clinches $100M In Series B Funding

PRIVATEOct 06, 2023

Amount Raised

$100 Million

Round Type

Series B

KentManufacturingTransportationTravelAerospaceSatellite Communication

Investors

In Q TelToyota VenturesMa C VenturesNfxPoint72 VenturesY CombinatorBreakthrough EnergyLong JourneySparta GroupUniversity Of MichiganIndustrious VenturesStoke

Description

In a major milestone for the space industry, Stoke Space, the US-based rocket company focused on crafting the world’s most efficient and swiftly reusable rockets, has revealed a significant infusion of $100 million in Series B funding. Following weeks of successfully completing a low-altitude flight test of its prototype “Hopper2,” this funding injection marks a pivotal moment for the company, doubling its total funding to $175 million. Stoke also took the opportunity to unveil the official name of its inaugural rocket: Nova. Industrious Ventures led this funding round, with notable participation from the University of Michigan, Sparta Group, Long Journey, and several others

Quick answer

Stoke Space raised $100 Million in a Series B round, dated October 6, 2023. Investors: In Q Tel, Toyota Ventures, Ma C Ventures, Nfx, Point72 Ventures, Y Combinator, Breakthrough Energy and Long Journey. Stoke Space is based in Kent, Washington, United States.

How much did Stoke Space raise?
Stoke Space raised $100 Million in a Series B round on October 6, 2023.
Who invested in Stoke Space?
In Q Tel, Toyota Ventures, Ma C Ventures, Nfx, Point72 Ventures, Y Combinator, Breakthrough Energy and Long Journey are named as investors in this round.
What does Stoke Space do?
Stoke Space is a pioneering aerospace company on a mission to build 100% reusable rockets and redefine space mobility.
Where is Stoke Space based and how big is it?
Stoke Space is based in Kent, Washington, United States. Fundz records about 314 employees.
Who are the decision-makers at Stoke Space?
Fundz holds 4 contacts at Stoke Space, including the Head of Sales. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Transportation and Travel around the same time

Companies in the same sectors as Stoke Space that raised within 45 days of this round, from Fundz verified event records.

  • ReOrbit raised $7.4M (Seed) on August 31, 2023.
  • AireXpert raised $3M (Seed) on November 16, 2023.
  • X-Bow Systems raised an undisclosed amount (Funding Round) on November 16, 2023.
  • Duos Technologies raised $2.5M (Seed) on November 10, 2023.
  • FREEWIRE TECHNOLOGIES, INC. raised $29M on November 6, 2023.
  • Garuda Aerospace raised $3.3M (Seed) on October 25, 2023.

Who to call at Stoke Space, and when

A new round usually means Stoke Space is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Stoke Space raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Stoke Space, from your own LinkedIn network

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Company Information

Company

Stoke Space

Location

Kent, Washington, United States

About

Stoke Space is a pioneering aerospace company on a mission to build 100% reusable rockets and redefine space mobility. By empowering top industry talent with ownership and innovation freedom, Stoke moves fast, works hard, and delivers breakthrough advancements in reusable launch technology—making space access more sustainable, efficient, and exciting for the future.

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Fundz sees it the moment Stoke Space raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

4 contacts
Verified contactsAnshul G., Head of Sales hidden hidden hiddenSee plans and pricing
Predictive Intelligence
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ML-powered predictions for Stoke Space's next move

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Stoke Space raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.