• The operation, led by Arcano Partners, Aciturri and the Centre for the Development of Industrial Technology (CDTI), has allowed the consolidation of previous company shareholders and the entry of new strategic financial partners. 
• ArcanoBlueBull, Arcano’s specialized Tech M&A division, in addition to strengthening its investment through its IMASDE fund, has served as financial advisor to the round.
• The investment enables the Spanish firm to advance in its next strategic milestones, such as the launch of its MIURA 1 suborbital rocket in 2022 and the MIURA 5 orbital in 2024, as well as expanding its productive and personnel capacities.

ELCHE, Spain (PLD Space PR) — PLD Space, the Spanish company that leads the space launch business for small satellites in Europe, has just closed a Series B funding round of $28 million. The operation, led by Arcano Partners, Aciturri and the Centre for the Development of Industrial Technology (CDTI) through the co-investment initiative of Innvierte program, has had the accompaniment of previous company shareholders, who have been able to strengthen their participation, and the entry of new strategic financial partners. ArcanoBlueBull, Arcano’s specialized Tech M&A division, in addition to strengthening its investment through its IMASDE fund, has served as financial advisor to the round.

• PLD Space has to date obtained over 28 million [$34.3 million] euros of private investment and institutional support, mainly in Spain
• PLD Space is preparing to launch MIURA 1 towards the end of 2022

ELCHE, Spain, 17 December 2020 (PLD Space PR) — The Ministry of Science and Innovation’s CDTI agency has acquired a stake in PLD Space through its Innvierte programme. This initial tranche of 450,000 euros [$551,880] in a bridge financing round could subsequently be supplemented by further economic contributions up to a maximum of 15 million euros [$18.4 million] if so requested by the those investing in the forthcoming Series B.

• Venture part of tech firm’s Series B investment round for space vehicle development
• PLD Space already attracted over €18 million [$21.3 million] in private investment and institutional support in addition to new deal involving Arcano
• Arcano Partners a leading financial advisor in Iberian market

ELCHE, Spain, 15 September 2020 (PLD Space) —  Spanish reusable launch vehicle developer PLD Space today announced the closure of further financing through a tie-up with independent financial advisory and alternative asset management group Arcano Partners. The €7 million [$8.3 million] venture will fund the build out of the PLD Space aerospace project in a deal forming part of its Series B investment round.