Industrial Tech, Private Placements

Bryan, Garnier & Co acts as the Sole Financial Advisor to Orbex and its shareholders in connection with the first close of the Series D fundraising, led by the UK Department for Science, Innovation and Technology (DSIT)

Founded in 2015, Orbex is a UK-based spaceflight company.The company employs a diverse range of advanced materials and techniques to develop its launch vehicles in-house, including rocket engines, avionics, and other technologies.

Orbex is in the late stages of developing its flagship micro-launch vehicle, Prime, which is one of the most advanced, low-carbon, high-performance micro-launch vehicles globally. As such, the company is playing a significant role in establishing new launch capabilities in Europe.

With the completion of the first close of the Series D round, Orbex is taking significant steps in becoming a fully operational launch service provider. The secured funding will accelerate further development of Prime, with first launch expected towards the end of 2025.

Bryan, Garnier & Co acts as the Sole Financial Advisor to Orbex and its shareholders on the first close of the Series D fundraising.

Contributors to the round include the UK Department for Science, Innovation and Technology (DSIT), angel investor Sohaib Abbasi and existing investors Export & Investment Fund of Denmark (EIFO) and Octopus Ventures.

This marks another landmark transaction for Bryan, Garnier & Co’s satellite and new space verticals and demonstrates its industry expertise combined with its experience in leading late-stage growth financing rounds.

"This first of a kind investment by the UK government demonstrates its confidence in the UK’s space rocket manufacturing and launch sector and is an exciting start to the opening of our Series D fundraising. We are entering the final preparations to deliver the most flexible and environmentally sustainable launch services to the global satellite industry. This investment paves the way not only for us to launch our first rocket this year but also to develop a larger rocket to enable us to compete in the European Launcher Challenge. These development goals are crucial to our longer-term development."

— Phillip Chambers, CEO of Orbex

Founded in 2015, Orbex is a UK-based spaceflight company developing one of the most advanced and environmentally sustainable launch services.
Today, the company focuses on the micro launcher market with its Orbex Prime rocket, while simultaneously developing the Proxima rocket to enter the medium launcher market.
Orbex is headquartered in Scotland with design and testing facilities in Denmark, ready to serve businesses and sovereign agencies across the world. The company employs more than 200 employees.

The Department for Science, Innovation and Technology (DSIT) is a UK government body dedicated to driving progress in science, technology, and innovation to strengthen the economy and enhance public services. Established to position the UK as a global leader in cutting-edge research and emerging technologies, DSIT focuses on fostering innovation, supporting digital infrastructure, and advancing sectors such as AI, quantum computing, and life sciences.

The Export & Investment Fund of Denmark (EIFO) is Denmark’s national promotional bank and export credit agency, dedicated to supporting green investments and facilitating global trade. EIFO mission is to drive sustainable economic growth by helping companies expand internationally, invest in innovation, and transition toward a greener economy.

Octopus Ventures is a leading European venture capital firm investing in innovative sectors like fintech, health, and deep tech. With a hands-on approach, they support early-stage and scaling companies, helping entrepreneurs build impactful, high-growth businesses.

Sohaib Abbasi is a seasoned technology executive, best known for his leadership as the former CEO of Informatica and his senior roles at Oracle. During his decade-long tenure at Informatica, he transformed the company into a global leader in enterprise cloud data management. Abbasi is also an active investor and advisor, supporting emerging technology companies and contributing to the growth of the software industry.