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Varda Space Industries

Varda Space Industries

Varda Space is a space startup focused on manufacturing specialized products in space.

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Varda Space Industries is a space startup focused on manufacturing specialized products in space. Varda was started by Delian Asparouhov and Trae Stephens, two principals at Founders Fund in August 2020. Will Bruey was named CEO of the company in December 2020, after serving as spacecraft operator and systems officer at SpaceX and Director of Global Equities Technology at Bank of America/Merrill Lynch.

Varda takes its name from the novels of J.R.R. Tolkien, similar to other Founders Fund companies Palantir and Anduril, and is named for the Elf queen who created constellations in the books.

The startup is focused on researching and manufacturing specialized products in space, including products that are difficult to produce due to material volatility or earth's gravity. High-value and super sensitive materials like semiconductors and pharmaceuticals are examples. Varda is looking to automate the majority of their manufacturing and partner with rocket manufacturers to transport their manufacturing materials and technology, which removes the complication of sending humans to space.

Varda has received nine million USD in funding, led by Founders Fund and Lux Capital. Additional funders include Fifty Years, Also Capital, Raymond Tonsing, Justin Mateen and Naval Ravikrant.

Timeline

July 29, 2021
Varda Space Industries raises a $42,000,000 Series A round, led by Khosla Ventures and Caffeinated Capital, with participation from Lux Capital, General Catalyst and Founders Fund.
December 9, 2020
Varda receives $9 in seed round funding from Founders Fund and Lux Capital.
August 2020
Varda Space Industries is founded by Delian Asparouhov and Trae Stephens.

Funding Rounds

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Products

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Acquisitions

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SBIR/STTR Awards

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Patents

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Further Resources

Title
Author
Link
Type
Date

References

varda.com
Is a
Company
Company
Organization
Organization

Company attributes

Industry
3D printing
3D printing
Space industry
Space industry
Space colonization
Space colonization
Manufacturing
Manufacturing
‌
Fabless manufacturing
Aerospace
Aerospace
Location
California
California
Torrance, California
Torrance, California
United States
United States
B2X
B2B
B2B
CEO
‌
Will Bruey
Founder
Delian Asparouhov
Delian Asparouhov
Legal Name
Varda Space Industries, Inc.
Number of Employees (Ranges)
11 – 50
Full Address
433 ALASKA AVE TORRANCE, CA 90503
CIK Number
1,839,597
Investors
Will Manidis
Will Manidis
Caffeinated Capital
Caffeinated Capital
Founders Fund
Founders Fund
Khosla Ventures
Khosla Ventures
General Catalyst
General Catalyst
Lux Capital Management
Lux Capital Management
Founded Date
August 2020
Email Address
jobs@varda.com
info@varda.com
Phone Number
+17174756561
Total Funding Amount (USD)
96,019,902
Latest Funding Round Date
January 18, 2022
Competitors
Braskem
Braskem
Made In Space
Made In Space
Hemeria
Hemeria
3
Thales Alenia Space
Thales Alenia Space
3D Bioprinting Solutions
3D Bioprinting Solutions
Magna Parva
Magna Parva
Techshot, Inc.
Techshot, Inc.
Space Tango
Space Tango
...
Business Model
Commerce
Latest Funding Type
Series A round
Series A round
NAICS Code
336,414
CAGE Code
8UED5

Other attributes

Company Operating Status
Active
Country
United States
United States
Funding Type
Seed round
Seed round
Wikidata ID
Q108352354

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