The Guild (formerly known as EtherealX), a space tech startup building the world’s first fully reusable medium-lift rocket, has secured a total of $20.5 million. The Guild received their Series A funding from TDK Ventures and BIG Capital, with participation from Accel, Prosus, Yournest, Campus Fund, BlueHill, and Riceberg. Post securing the series round, the company’s valuation jumped 5.5x, valuing the company at $80.5 million. With the competition of the current round, the company has received a total funding of $25.5 million to date.“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 civilizational progress,” said Manu Nair, Co-Founder and CEO, Ethereal Exploration Guild. “Their expertise in avionics, hardware optimization 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”, added Manu.The Guild will soon begin a series of tests of its engines, such as the 1.2MN Booster Stage of the TDV, powered by the world’s most powerful reusable semi-cryogenic engine called The Stallion. The upper stage of the TDV… Read MoreStartupTalky- Business News, Insights and Stories
