Spacetech startup The Guild, formerly known as EtherealX, has raised $20.5 million in a Series A funding round led by TDK Ventures and BIG Capital. The round also saw participation from Accel, Prosus, Yournest, Campus Fund, BlueHill, and Riceberg. Following the fundraise, the Bengaluru-based company’s valuation has increased 5.5x to $80.5 million. With this round, The Guild’s total funding to date stands at $25.5 million.The startup is building what it describes as the world’s first fully reusable medium-lift rocket, aimed at lowering the cost of orbital access and expanding launch capacity for commercial and government customers.“Securing the backing of a strategic partner like TDK Ventures validates our vision to rearchitect today’s unipolar access to space into a truly multipolar frontier, and catalyze civilisational progress,” said Manu Nair, Co-Founder and CEO, Ethereal Exploration Guild. He added, “Their expertise in avionics, hardware optimisation to reduce latency, and high-performance components will strengthen our hand as we push the Razor Crest Mk-1 toward rapid development and flight qualification. With their support, we are confident to hit our aggressive timelines, unlock meaningful launch flexibility, and establish a new cost baseline for orbital access.”Razor Crest Mk-1 is the company’s medium-lift fully reusable launch vehicle under development.… Read MoreYourStory RSS Feed
