{"id":63778,"date":"2018-10-23T00:22:30","date_gmt":"2018-10-22T16:22:30","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/vectors-70-million-in-new-funding-to-be-used-for-rocket-manufacturing-facility\/"},"modified":"2018-10-23T00:22:30","modified_gmt":"2018-10-22T16:22:30","slug":"vectors-70-million-in-new-funding-to-be-used-for-rocket-manufacturing-facility","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/vectors-70-million-in-new-funding-to-be-used-for-rocket-manufacturing-facility\/","title":{"rendered":"Vector\u2019s $70 Million in New Funding to be Used for Rocket Manufacturing Facility"},"content":{"rendered":"<\/p>\n<p><strong>Vector<\/strong>, a microsatellite launch company, has secured $70 million in a Series B funding round led by <strong>Kodem Growth Partners<\/strong>, in conjunction with <strong>Morgan Stanley Alternative Investment Partners<\/strong>. Vector plans to use this new round of funding to expand its sales and marketing teams, and build a new rocket manufacturing facility. Existing investors <strong>Sequoia Capital<\/strong>, <strong>Lightspeed Venture Partners,<\/strong> and <strong>Shasta Ventures<\/strong> also participated in the round.<\/p>\n<p>\u201cVector is entering an extremely important phase of our journey, transitioning from a focus on research and development to flight operations and profitability. This Series B financing is a critical element in Vector\u2019s mission to improve access to space and become a dominant launch provider to the small satellite industry,\u201d said Vector Chief Executive Officer (CEO) Jim Cantrell in the release.<\/p>\n<p>Capitalizing on the booming small satellite launch market, the Series B round saw investment from new investors, Kodem Growth Partners, who will help Vector achieve its ultimate goal of positioning the company for an eventual initial public offering. Vector&nbsp;aims to connect space startups and innovators with dedicated launch services and enabling platforms to access space more efficiently, and is comprised of NewSpace and enterprise software industry veterans from <strong>SpaceX<\/strong>, <strong>Virgin Galactic<\/strong>, <strong>McDonnell Dougla<\/strong>s, <strong>Boeing<\/strong>, <strong>Sea Launch<\/strong>, and <strong>VMware, <\/strong>and<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vector, a microsatellite launch company, has secured $70 million in a Series B funding round led by Kodem Growth Partners, in conjunction with Morgan Stanley Alternative Investment Partners. Vector plans to use this new round of funding to expand its sales and marketing teams, and build a new rocket manufacturing facility. Existing investors Sequoia Capital, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":61892,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-63778","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/63778"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=63778"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/63778\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media\/61892"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=63778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=63778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=63778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}