EQT Ventures and Red River West led a €40m Series A round in The Exploration Company.

EQT Ventures and Red River West led a €40m Series A round in The Exploration Company, an aerospace company, with participation from Promus Ventures, Cherry Ventures, Vsquared, Omnes Capital, July Fund, Partech, Possible Ventures, Schlumberger and Sista Fund. “Within this decade, we will see humanity expand into space and building space stations, sometimes in partnership with the private sector, around the Earth and the Moon, paving the way for humans’ sustainable settlement on the Moon and beyond. Currently, these transformational developments are led by a few players. We want to democratize space exploration by providing more sustainable and affordable capacities. Nyx, our spacecraft, is the first space capsule to be privately funded, the first to use green propellants and the first to open source its operating system. As such, we can enable nations, space & non-space industries and individuals to participate in and contribute to the building of the new space world," Hélène Huby, The Exploration Company Co-Founder and CEO.