About Space Forge
Space Forge is a company based in Cardiff (United Kingdom) founded in 2018 by Andrew Bacon and Joshua Western.. Space Forge has raised $50.91 million across 7 funding rounds from investors including Gov.uk, British Business Bank and Newable. The company has 34 employees as of January 31, 2022. Space Forge offers products and services including ForgeStar Platform and Aether. Space Forge operates in a competitive market with competitors including Dhruva Space, NanoRacks, Sierra Space, Manastu Space and Varda Space Industries, among others.
- Headquarter Cardiff, United Kingdom
- Employees 34 as on 31 Jan, 2022
- Founders Andrew Bacon, Joshua Western
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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 Space Forge Limited
- Date of Incorporation 29 Oct, 2018
- Jurisdiction CARDIFF, WALES
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$50.91 M (USD)
in 7 rounds
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Latest Funding Round
$30 M (USD), Series A
May 14, 2025
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Investors
Gov.uk
& 25 more
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Employee Count
34
as on Jan 31, 2022
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Products & Services of Space Forge
Space Forge offers a comprehensive portfolio of products and services, including ForgeStar Platform and Aether. 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.
Vehicle for harnessing space environment for rapid manufacturing needs
Warning system for satellite re-entry with accurate location data
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Funding Insights of Space Forge
Space Forge has successfully raised a total of $50.91M across 7 strategic funding rounds. The most recent funding activity was a Series A round of $30 million completed in May 2025. 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 7
- Last Round Series A — $30.0M
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First Round
First Round
(17 Apr 2020)
- Investors Count 26
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2025 | Amount | Series A - Space Forge | Valuation | NIF | |
| Feb, 2024 | Amount | Series A - Space Forge | Valuation |
investors |
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| Dec, 2021 | Amount | Seed - Space Forge | Valuation | Type One Ventures , SpaceFund |
| 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 Space Forge
Space Forge has secured backing from 26 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Gov.uk, British Business Bank and Newable. 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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Founded Year | Domain | Location | |
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World Fund is recognized as a leading European climate tech venture capital fund.
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Founded Year | Domain | Location | |
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Private debt fund and fund of funds focused on startups
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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 Space Forge
| 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 - Space Forge
| 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 |
Space Forge Comparisons
Competitors of Space Forge
Space Forge 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 Dhruva Space, NanoRacks, Sierra Space, Manastu Space and Varda Space Industries, 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 |
Provider of full stack space engineering solutions
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| domain | founded_year | HQ Location |
Space habitats are manufactured for microgravity research facilities.
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| domain | founded_year | HQ Location |
Engineering solutions are developed for space transportation, habitation, and applications.
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| domain | founded_year | HQ Location |
Green propulsion systems for satellites are manufactured using hydrogen peroxide.
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| domain | founded_year | HQ Location |
Space technologies are developed and manufactured in orbit.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Space Forge
Frequently Asked Questions about Space Forge
When was Space Forge founded?
Space Forge was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is Space Forge located?
Space Forge is headquartered in Cardiff, United Kingdom. It is registered at Cardiff, Wales, United Kingdom.
Who is the current CEO of Space Forge?
Joshua Western is the current CEO of Space Forge. They have also founded this company.
Is Space Forge a funded company?
Space Forge is a funded company, having raised a total of $50.91M across 7 funding rounds to date. The company's 1st funding round was a Seed of $10.18M, raised on Apr 17, 2020.
How many employees does Space Forge have?
As of Jan 31, 2022, the latest employee count at Space Forge is 34.
What does Space Forge do?
Space Forge was founded in 2018 in Cardiff, United Kingdom, and operates within the space manufacturing sector. Capabilities in orbital production are utilized to create advanced materials and components. Focus is placed on developing technologies that address terrestrial challenges, such as improved semiconductors and alloys. Leadership is provided by co-founders Joshua Western as CEO and Andrew Bacon as CTO, with operations centered on sustainable space utilization for earthly applications.
Who are the top competitors of Space Forge?
Space Forge's top competitors include Dhruva Space, Manastu Space and Sierra Space.
What products or services does Space Forge offer?
Space Forge offers ForgeStar Platform and Aether.
Who are Space Forge's investors?
Space Forge has 26 investors. Key investors include Gov.uk, British Business Bank, Newable, European Space Agency, and Development Bank of Wales.