Press Release
November 28, 2022

Octopus Ventures and BGF invest in Orbex £40 million Series C Financing

The London Technology team advised Octopus Ventures and BGF on their investment in a £40 million Series C financing round in Orbex led by the Scottish National Investment Bank.

Octopus Ventures is one of Europe’s largest and most active venture capital firms investing in startups in the areas of health, money, deep tech, consumer and b2b software.

BGF is the UK and Ireland's most active and dynamic investor of equity capital in growing companies, backing entrepreneurs and innovators. 

Orbex based in Forres, Scotland, has developed a microlauncher rocket, powered by renewable biofuel, that’s designed to carry satellites weighing up to 180kg into low Earth orbit (LEO).

The Goodwin team was led by Ali Ramadan and Charles Baker.

For additional details on the financing, please read coverage in UK Tech News.