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401 From space junk to interplanetary travel: Magdrive’s €9.9 million funding for spacecraft propulsion

EU-Startups
David Cendon Garcia @ EU-Startups · 02/25/2025 09:12 EDT

From space junk to interplanetary travel: Magdrive’s €9.9 million funding for spacecraft propulsion

Oxfordshire-based Magdrive, a startup creating the next-generation of spacecraft propulsion, today announced its €9.9 million Seed funding round led by pan-European VC Redalpine. Founders Fund, who led Magdrive’s first funding round, and Balerion, Alumni Ventures, Outsized Ventures, 7percent, and Entrepreneur First also contributed to the round. CEO and Co-founder Mark Stokes said: “Magdrive represents the next ...

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