Spaceflight Industries Raises $20 Million to Accelerate Growth

spaceflight_logoRRE Venture Capital and Paul Allen’s Vulcan Capital Co-Lead Investment in Future Expansion of Next-Generation Space Services Company

SEATTLE, March 11, 2015 (Spaceflight Industries PR) – Spaceflight Industries, a next-generation, integrated space products and services company aimed at transforming the use of space, today announced it has secured $20 million in Series B funding co-led by RRE Venture Capital and Vulcan Capital with additional investment from Razor’s Edge Ventures.

Spaceflight Industries (Spaceflight) is the parent company of two well-established Seattle-area aerospace and space logistics companies: Andrews Space and Spaceflight Services. These businesses have now been combined under the Spaceflight brand to form a consolidated space products and services company focused on enabling new applications through the commercialization of space. This funding will accelerate the ongoing growth and development of Spaceflight’s subsidiaries: Spaceflight Systems (formerly Andrews Space), Spaceflight Services and Spaceflight Networks, which together provide comprehensive, cost-effective small-satellite solutions and services from development to launch, communications and operations.

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