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Updated Jul 14, 2025

SOLD

Varda Space Industries Secures $187 Million Funding Led By Natural Capital And Shrug Capital

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Building Size

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Asset Type

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Closing

Jul 11, 2025

About this deal

AI

Varda Space Industries has raised $187 million in a funding round, with the transaction primarily focusing on scaling its technology for robotic drug manufacturing in microgravity. The capital will enhance the company's ability to produce pharmaceutical formulations that cannot be created on Earth and support the expansion of its operations with new facilities in Huntsville and El Segundo.

Summary of transaction details:

  • Deal Type: Funding Round
  • Transaction Amount: $187,000,000
  • Company Name: Varda Space Industries
  • Founders: Delian Asparouhov
  • Current CEO: Will Bruey
  • Headquarters: Los Angeles, California
  • Notable Investors: Natural Capital, Shrug Capital, Lux Capital, Peter Thiel, Founders Fund, Khosla Ventures

Varda Space Industries is co-founded by Delian Asparouhov, and under the leadership of CEO Will Bruey, the company focuses on innovative approaches to pharmaceutical manufacturing. The recent funding brings Varda's total to $329 million, positioning it for significant growth in the biotech sector, particularly in areas requiring advanced manufacturing techniques in unique environments. The involvement of notable investors highlights the industry's interest in Varda's capabilities and potential market impact.

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Players

Peter Thiel

Varda Space Industries

Lender

$18M

vol

9 deals

Lender
Varda Space Industries
Varda Space IndustriesLender

Market CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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