Caffeinated Capital
Assembly Line
Varda Announces $90 million Series B Funding to Build Factories in Space
Varda Space Industries, Inc., the world’s first in-space manufacturing and hypersonic Earth re-entry logistics company, today announced the completion of a $90 million Series B funding round, led by Caffeinated Capital, with participation from Lux Capital, General Catalyst, Founders Fund, and Khosla Ventures. Varda has raised $145 million to date.
In addition to the successful reentry of the W-1 capsule earlier this year, the Varda team has also published on the discovery of a third form of the HIV drug Ritonavir, as well as the development of a hypergravity crystallization platform, which has shown ways that gravity can be used as a variable in small molecule therapeutics formulation and development. Varda’s second vehicle, W-2, is scheduled to launch this summer.
Naval Maritime Autonomy Company, Saronic, Raises $55 Million in Series A Fundraise
Saronic, a maritime autonomy company focused on surface vessels, announced today a $55 million Series A funding round led by Caffeinated Capital, with participation from 8VC, U.S. Innovative Technology Fund, Andreessen Horowitz, Lightspeed Venture Partners, Point72 Ventures, Silent Ventures, Overmatch Ventures, Ensemble VC, and Cubit Capital. This significant investment underscores Saronic’s commitment to addressing critical capability gaps at sea through attritable, autonomous platforms. With this raise, Saronic will accelerate research and development while expanding in-house manufacturing capacity for rapid production.