StoryFunding
PLD Space secures additional €108M in Series C funding extension, bringing total Series C to €288M
PLD Space announced a €108 million extension to its Series C round led by Mitsubishi Electric, expanding the total Series C to €288 million. The funding supports industrialization and production scaling of Miura 5 toward 30+ annual launches by 2030, bringing total company funding to €488 million.
- €108M Series C extension led by Mitsubishi Electric; co-investors include COFIDES, Endeavor Catalyst, and SOPEF.
- Expands Series C to €288M and total company funding to €488M.
- Supports scaling of Miura 5 production and launch infrastructure.
- Company moving toward commercial operations and high-rate manufacturing target of 30+ launches annually.