About Craft Prospect
Craft Prospect is a company based in Glasgow (United Kingdom) founded in 2017.. Craft Prospect has raised $2.23 million across 4 funding rounds from investors including Gov.uk, University of Strathclyde and European Union. The company has 24 employees as of January 31, 2022. Craft Prospect offers products and services including Smart Sensors, ASTRAL Intelligence Tool Box, Quantum Key Distribution Payload, and Single Photon Source. Craft Prospect operates in a competitive market with competitors including Voyager Space, Spaceflight, Loft Orbital, Smallspark Space Systems and Maritime Launch Services, among others.
- Headquarter Glasgow, United Kingdom
- Employees 24 as on 31 Jan, 2022
- Stage Minicorn
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Sectors
Aerospace, Defense & Maritime
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Craft Prospect Ltd
- Date of Incorporation 13 Feb, 2017
- Jurisdiction GLASGOW, SCOTLAND
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.23 M (USD)
in 4 rounds
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Latest Funding Round
$402.74 K (USD), Seed
Nov 16, 2021
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Investors
Gov.uk
& 3 more
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Employee Count
24
as on Jan 31, 2022
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Products & Services of Craft Prospect
Craft Prospect offers a comprehensive portfolio of products and services, including Smart Sensors, ASTRAL Intelligence Tool Box, Quantum Key Distribution Payload, and Single Photon Source. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Sensors for Earth observation and space domain awareness with high-value data prioritisation.
Tools for on-board product creation and real-time decision-making in space missions.
Payload for secure communication using BB84 protocol in CubeSats.
Device for CubeSats enabling secure quantum communication protocols.
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Funding Insights of Craft Prospect
Craft Prospect has successfully raised a total of $2.23M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $402.74 thousand completed in November 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Seed — $402,737
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First Round
First Round
(31 Aug 2021)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Grant - Craft Prospect | Valuation |
investors |
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| Nov, 2021 | Amount | Seed - Craft Prospect | Valuation | University of Strathclyde |
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| Oct, 2021 | Amount | Grant - Craft Prospect | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Craft Prospect
Craft Prospect has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Gov.uk, University of Strathclyde and European Union. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Capital For Colleagues is focused on advising and investing in employee-owned businesses.
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Founded Year | Domain | Location | |
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Online government services and information are provided to users.
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Founded Year | Domain | Location | |
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Public university offering multiple degrees and courses across diversified streams
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Craft Prospect
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Craft Prospect
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Craft Prospect Comparisons
Competitors of Craft Prospect
Craft Prospect operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Voyager Space, Spaceflight, Loft Orbital, Smallspark Space Systems and Maritime Launch Services, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Systems and solutions for space and defense applications are provided.
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| domain | founded_year | HQ Location |
Launch services and mission management for small satellites are developed.
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| domain | founded_year | HQ Location |
Space mission launch services for microsatellites are provided.
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| domain | founded_year | HQ Location |
Delivers AI-powered services for space mission launches.
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| domain | founded_year | HQ Location |
Launch facilities for small satellites are provided.
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| domain | founded_year | HQ Location |
Launch mission services are provided to the aerospace industry.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Craft Prospect
Frequently Asked Questions about Craft Prospect
When was Craft Prospect founded?
Craft Prospect was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Where is Craft Prospect located?
Craft Prospect is headquartered in Glasgow, United Kingdom. It is registered at Glasgow, Scotland, United Kingdom.
Is Craft Prospect a funded company?
Craft Prospect is a funded company, having raised a total of $2.23M across 4 funding rounds to date. The company's 1st funding round was a Grant of $32K, raised on Aug 31, 2021.
How many employees does Craft Prospect have?
As of Jan 31, 2022, the latest employee count at Craft Prospect is 24.
What does Craft Prospect do?
Craft Prospect was founded in 2017 in Glasgow, United Kingdom, within the space technology sector. AI-enabled services for space cybersecurity and quantum encryption are offered, alongside support engineering for satellite operations and Earth observation. Embedded systems, mission architecture, and software for in-orbit data processing are included in the portfolio. Forward-looking imagers with integrated cameras for orbital imagery capture are also developed and provided.
Who are the top competitors of Craft Prospect?
Craft Prospect's top competitors include Loft Orbital, Maritime Launch Services and Sidus Space.
What products or services does Craft Prospect offer?
Craft Prospect offers Smart Sensors, ASTRAL Intelligence Tool Box, Quantum Key Distribution Payload, and Single Photon Source.
Who are Craft Prospect's investors?
Craft Prospect has 4 investors. Key investors include Gov.uk, University of Strathclyde, European Union, and Capital For Colleagues.
What is Craft Prospect's valuation?
The valuation of Craft Prospect is $10.14M as of Aug 2021.
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