Stoke Space, an alumnus of Y Combinator, has successfully secured $260 million in Series C funding, increasing its total funds raised to $480 million. This follows its fundraising of $100 million in October 2023 and $75 million in December 2021.
Established in 2019 by Andy Lapsa and Tom Feldman, both of whom previously worked at Blue Origin, the company aims to revolutionise space travel. Tom Feldman began his career as an intern at SpaceX. Stoke participated in the Winter 2021 Y Combinator cohort.
With a mission to create the first fully reusable rocket—encompassing both the booster and the second stage—the startup has shared video evidence of a successful test involving its first-stage rocket engine last month. The newly acquired funds will be instrumental in constructing their new facilities at the historic Cape Canaveral Space Force Station in Florida.
This fundraising round attracted notable investors such as Breakthrough Energy Ventures, Glade Brook Capital Partners, Industrious Ventures, Point72 Ventures, Seven Seven Six, and Y Combinator, among others.