Vector, a Tucson-based micro-satellite launch company, announced it has landed $21 million in new investments to to help fund testing toward the launch of orbital customer missions in early 2018.
The Series A funding round was led by California-based Sequoia Capital, with participation from Shasta Ventures and Lightspeed, bringing Vector’s total funding to date to $31 million, the company said.
The investment follows Vector’s successful flight test of the full-scale prototype Vector-R launch vehicle in May, one of the first successful launches in the budding commercial space-launch industry. Vector also closed a $4.5 million bridge financing round in April.
Read full article here