Industrious Ventures, a venture capital firm based in Denver, Colorado, led a $100m Series B round in Stoke, an American space launch company, with participation from University of Michigan, Sparta Group, Long Journey, Breakthrough Energy, YCombinator, Point72 Ventures, NFX, MaC Ventures, Toyota Ventures, and In-Q-Tel. "With our unique second stage design, our team at Stoke is attempting to build the most robust fully reusable rocket in the world – one that turns around in 24 hours throughout a long service life. This new round of funding is a huge vote of confidence in our team and the progress we’ve made. We will now continue moving through our development program by increasing focus on our reusable first stage," Andy Lapsa, Stoke CEO and Co-Founder.