Dawn Aerospace has closed a US$25 million Series B round at a US$195 million post-money valuation. The Christchurch- and Delft-based space transportation company said the capital will speed Aurora spaceplane development and support an in-space refueling demonstration, while funding international expansion of its reusable transport business.
Balerion Space Ventures led the round, with backing from a broad syndicate that includes ANA Future Frontier Fund, Mana Ventures, Green Eight Capital, Icehouse Ventures and GD1. The raise gives Dawn more runway to push Aurora toward higher-cadence operations and to advance its Loop refueling network.