When was Varda Space Industries founded?

Varda Space Industries was founded in 2020 and became a unicorn in 2026.

Where is Varda Space Industries located?

Varda Space Industries is headquartered in El Segundo, United States.

Who is the current CEO of Varda Space Industries?

Will Bruey of Varda Space Industries.

How many employees does Varda Space Industries have?

As of Jun 30, 2026, the latest employee count at Varda Space Industries is 250.

Is Varda Space Industries a funded company?

Varda Space Industries is a funded company, having raised a total of $329M across 4 funding rounds to date. The company's 1st funding round was a $9M Seed round, raised on Dec 08, 2020.

How much is Varda Space Industries worth?

The latest valuation of Varda Space Industries is $500M as of May 17, 2023.

When was the latest funding round of Varda Space Industries?

Varda Space Industries' latest funding was a $187M Series C round on Jul 10, 2025, with participation from 8 investors.

Is Varda Space Industries a Space Tech company?

The primary sector of Varda Space Industries is Space Tech.

Where does Varda Space Industries rank among its competitors?

Varda Space Industries ranks 1st amongst 13 active competitors, of which 7 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Space Forge, which secured $13.4M in Jun, 2026.

Who are the top competitors of Varda Space Industries?

Varda Space Industries' top competitors include Space Forge, Inbound Aerospace and Reditus Space. Among them, Space Forge secured the most recent funding round in June, 2026.

Varda Space Industries - 2026 Company Profile, Team, Funding & Competitors

Varda Space Industries is a series C company based in El Segundo (United States), founded in 2020 by Delian Asparouhov and Trae Stephens. It operates as an In-orbit material testing and manufacturing. Varda Space Industries has raised $329M in funding from investors like Caffeinated Capital, Khosla Ventures and Founders Fund, with a current valuation of $500M. The company has 13 active competitors, including 7 funded and 1 that has exited. Its top competitors include companies like Space Forge, Inbound Aerospace and Reditus Space.

Sectors and market segments that Varda Space Industries operate in

Varda Space Industries serves in the Aerospace, Maritime and Defense Tech market segments.The primary business model of Varda Space Industries is:

Aerospace, Maritime and Defense Tech > Space Tech > ***** **** > ***** ******

Company Details

Website: www.varda.com/
Social
Email ID: *****@varda.com

Key Metrics

Founded Year

2020

Location

El Segundo, United States

Stage

Series C

Total Funding

$329M in 4 rounds

Latest Funding Round

Series C, Jul 10, 2025, $187M

Post Money Valuation

$500M as on May 17, 2023

Investors

Caffeinated Capital & 30 more

Ranked

1^st among 13 active competitors

Employee Count

250 as on Jun 30, 2026

Similar Companies

Space Forge & 14 more

View Varda Space Industries' full profile

Varda Space Industries is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
VARDA SPACE INDUSTRIES INC CIN: 853976446 , United States, Active	Dec 31, 1999	-	103 (As on Dec 31, 2024)	-
Varda Space Industries, Inc. CIN: 1839597 , United States, Active		$25M - $100M (As on Sep 20, 2021)	-	-

Varda Space Industries has raised a total funding of $329M over 4 rounds. Its first funding round was on Dec 08, 2020. Its latest funding round was a Series C round on Jul 10, 2025 for $187M. 8 investors participated in its latest round. Varda Space Industries has 26 institutional investors and 5 angel investors.

Here is the list of recent funding rounds of Varda Space Industries:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 10, 2025	$187M	Series C	-	-	Natural Capital, Shrug Capital	Founders Fund, Khosla Ventures, Caffeinated Capital, Lux Capital, Peter Thiel, Also Capital
Apr 05, 2024	$90M	Series B	-	-	Caffeinated Capital	Lux Capital, General Catalyst, Founders Fund, Khosla Ventures, Ashkan Mizani
Jul 30, 2021	$42M	Series A	-	-	Khosla Ventures, Caffeinated Capital	Lux Capital, General Catalyst, Founders Fund

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View details of Varda Space Industries's funding rounds and investors

The founders of Varda Space Industries are Delian Asparouhov and Trae Stephens. Will Bruey is the CEO of Varda Space Industries.

Here are the details of Varda Space Industries' key team members:

Delian Asparouhov: Co-Founder of Varda Space Industries and founder of 1 other company. They are also an angel investor in 1 startup and serve on the board of 1 company.
Trae Stephens: Co-Founder of Varda Space Industries.
Will Bruey: Co-Founder & Partner of Varda Space Industries.
Contact Info: 2 email addresses

View details of Varda Space Industries's Founder profiles and Board Members

Varda Space Industries' employee count trend

Varda Space Industries has 250 employees as of Jun 26. Here is Varda Space Industries's employee count trend over the years:

Employee count trend for Varda Space Industries

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Top competitors of Varda Space Industries include Space Forge, Inbound Aerospace and Reditus Space. Here is the list of Top 10 competitors of Varda Space Industries, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Varda Space Industries 2020, El Segundo (United States), Series C	In-orbit material testing and manufacturing	$329M	Founders Fund, Valor Equity Partners & 29 others	65/100
2nd	Space Forge 2018, Cardiff (United Kingdom), Series A	Developer of space-derived crystal seeds for semiconductor substrate manufacturing on Earth	$40.9M	SpaceFund, Type One Ventures & 53 others	58/100
3rd	Inbound Aerospace 2023, Chennai (India), Seed	Developer of products and equipment for space solutions	$1.06M	Speciale Invest, Piper Serica & 3 others	49/100
4th	Reditus Space 2024, Atlanta (United States), Seed	Provider of microgravity and high-Mach environment access for advanced processes	$7.6M	Y Combinator, Antler	41/100
5th	Space Tango 2014, Lexington (United States), Seed	Manufacturer of automated systems for space-based R&D and manufacturing	$1.37M	Ranch Ventures, Cantos Ventures & 5 others	39/100
6th	Made in Space 2010, Mountain View (United States), Acquired	Provider of 3D printers for space applications	-	Starbridge Venture Capital, Starlight & 7 others	36/100
7th	Space Cargo Unlimited 2014, Luxembourg (Luxembourg), Funding Raised	Provider of micro-gravity research and applications services	-	Expansion Ventures, Financiere Saint James	34/100
8th	Orbital Matter 2022, Berlin (Germany), Seed	Provider of 3D printing services	$2.24M	Sunfish Partners, Entrepreneur First & 2 others	34/100
9th	Interstellar Space 2022, London (United Kingdom), Unfunded	Developer of autonomous spacecraft for in-space manufacturing and debris recycling	-	-	32/100
10th	Resolute Lab 2023, Bareilly (India), Funding Raised	Provider of microgravity research services and early cancer diagnostic tools	-	Nidhi-Prayas, StartinUP	32/100

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Varda Space Industries has made no investments or acquisitions yet.

Here is the latest report on Varda Space Industries's sector:

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Satellite Data Space - Sector Report

Edition: July, 2026 (64 Pages)

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Media has covered Varda Space Industries for a total of 13 events in the last 1 year, 9 of them have been about company updates and 2 about partnerships.