COMPANY INFO
Stoke Space Technologies is an American aerospace and defense company founded in 2019 or 2020 by Andy Lapsa and Tom Feldman. The company, headquartered in Kent, Washington, employs around 125 to 209 people and develops fully reusable rockets designed to provide sustainable, scalable, and low-cost access to space for satellite delivery missions. Their website is https://www.stokespace.com/.
Stoke Space Technologies is an American aerospace and defense company founded in 2020 by Andy Lapsa and Tom Feldman. Headquartered in Kent, Washington, Stoke Space Technologies is developing fully reusable rockets aimed at providing sustainable, scalable, and low-cost access to space for satellite delivery missions. As a prominent figure in the aerospace and defense manufacturing industry, the company employs between 125 and 209 professionals and is recognized for its innovative approach to rocket reusability and rapid launch readiness.
Stoke Space Technologies funding history reflects its ambitious approach to advancing space access technology. Since its inception, the company has raised a total of $480 million across several funding rounds, including pre-seed, seed, Series A, B, and C rounds, as well as notable grants from NASA and the National Science Foundation. Key milestones include rapid growth following its initial seed round in 2021, significant scaling with Series A and B investments, and a transformative Series C raise in early 2025 to support the development of its Nova launch vehicle and launch facility at Cape Canaveral. Stoke Space Technologies’ funding strategy emphasizes strong partnerships with leading venture capital firms and industry-focused investors who share its vision of revolutionizing access to space.
This round is aimed at accelerating the development of Stoke Space Technologies’ fully reusable Nova launch vehicle, as well as completing the launch facility at Cape Canaveral to support commercial operations and frequent launch schedules.
Funds from this round were utilized to further advance reusable rocket technology, expand the engineering team, and lay the groundwork for scaling up operations ahead of full-scale launch demonstrations.
This round supported ongoing projects and ongoing technological innovations, maintaining momentum as the company approached significant prototype and test flight milestones.
Awarded by the National Science Foundation, this grant funded critical research and development activities aimed at maturing core technologies for reusable rockets.
Purpose was to facilitate continued technological advancements and to prepare Stoke Space Technologies for upcoming launches and key demonstrations.
This round provided essential capital to scale up Stoke Space Technologies’ operations and accelerate the development and test flights of reusable launch vehicles.
Issued by NASA’s Small Business Innovation Research / Small Business Technology Transfer program, this grant supported early-stage R&D on reusable launch systems.
Early funding round to further develop core technology and expand the dedicated team of engineers and scientists.
Kickstarted the company’s efforts to create next-generation, reusable rocket technology.
In-Q-Tel, the strategic investor for the U.S. intelligence and defense community, supports Stoke Space Technologies by backing advancements in critical and dual-use aerospace technologies.
A leading early-stage venture capital fund, NFX backed Stoke Space Technologies during its seed phase, bringing expertise in scaling startups and supporting groundbreaking technologies.
Founded by Bill Gates, Breakthrough Energy is committed to supporting technologies that combat climate change. Its investment in Stoke Space Technologies has helped accelerate the journey toward sustainable space transport.
Glade Brook Capital is a growth-stage venture capital firm that has participated in later-stage funding rounds, empowering Stoke Space Technologies as the company scales to commercial operations.
A globally active tech investor involved in Stoke Space Technologies’ growth, providing support across strategic and operational areas.
The storied accelerator program provided support, mentorship, and critical initial funding during the company’s formative stage, helping Stoke Space Technologies build early momentum and establish a strong network.
Lead investor in the Series B round, Industrious Ventures brings extensive venture capital knowledge and operational support to guide the company through rapid scaling phases.
An influential venture capital firm led by Reddit co-founder Alexis Ohanian, Seven Seven Six joined as a key investor in later rounds to drive innovation and product development.
As both an investor and a leading research institution, the University of Michigan supports Stoke Space Technologies with funding and engineering talent, strengthening ties to academic research and workforce development.
Woven Capital, associated with Toyota, is an active venture backer of future mobility solutions, lending its industry perspective and resources to Stoke Space Technologies’ growth.
A venture firm focused on breakthrough technology companies, Leitmotif has participated in later rounds, helping to fuel the company’s ambitions in reusable launch systems.
The venture arm of Point72, led by Steven A. Cohen, Point72 Ventures has provided critical funding and support for Stoke Space Technologies’ continued growth and development of advanced technologies.
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