OTB Ventures led a $6m seed funding round in Auriga Space.

OTB Ventures, a pan-European VC fund specializing in early growth, late seed, and series A rounds, led a $6m seed funding round in Auriga Space, which manufactures electromagnetic launch technology for hypersonics, missile defense, and space access: the funding included $4.6 million in seed capital and $1.4 million in Small Business Innovation Research (SBIR) contracts from the US AFWERX and SpaceWERX. “Since Auriga was founded, we have had a relentless focus on creating a new standard in space launch – one that is flexible, high-frequency and cost-efficient to serve both commercial and defense missions. As the world accelerates efforts in space exploration, satellite technology, and next-generation defense systems like the Golden Dome, the development of our Prometheus accelerator marks a major step toward truly on-demand, routine access to space. By commercializing Prometheus and offering hypersonic test services, we're not only supporting the advancement of critical national defense capabilities, but we're also building and validating the technologies that will power our future orbital launch systems. We look forward to working with OTB Ventures and the US Air Force Research Lab and the Space Force as we develop our solutions further and make space more accessible than ever before.” Winnie Lai, Auriga Space Founder and CEO.