🏆 Deal of the Week · CW 10/2026
PLD Space raised EUR 180 million in a Series C round; the company's valuation was not disclosed. The round was co-funded by the Spanish Ministry of Science, Innovation and Universities through CDTI and its INNVIERTE fund, COFIDES through its FOCO investment fund, and Nazca Capital via Nazca Aeroespacial y Defensa INNIVIERTE I FCR Fund.
PLD Space — key deal facts
| Company | PLD Space |
| Founded | 2011 |
| Headquarters | Elche, Spain |
| Amount raised | EUR 180m |
| Valuation | Valuation Remains Undisclosed |
| Round | Series C |
| Investors | The round included the Spanish Ministry of Science, Innovation and Universities, through the Centre for the Development of Technology and Innovation (CDTI) and its INNVIERTE fund, and the Spanish public funds management company COFIDES, through its FOCO investment fund, and Nazca Capital, via Nazca Aeroespacial y Defensa INNIVERTE I FCR Fund. |
| Sectors | Space |
Who invested in PLD Space?
The Series C was backed by a combination of Spanish public and private capital: CDTI's INNVIERTE fund and COFIDES's FOCO fund provided government-backed financing, while Nazca Capital contributed through its dedicated aerospace and defence vehicle, Nazca Aeroespacial y Defensa INNIVIERTE I FCR Fund. The investor mix is notable for its strong alignment with Spain's national industrial and innovation policy, reflecting a coordinated public-private commitment to building domestic launch capability.
What does PLD Space do?
PLD Space is a Spanish aerospace manufacturer founded in 2011 by Raúl Torres and Raúl Verdú, headquartered and manufacturing in Elche, Spain. The company designs, develops, and operates reusable launch vehicles targeting the small satellite market. Its Miura 1 rocket is built for suborbital technology validation missions, while the larger Miura 5 is designed for orbital satellite deployment. The Series C proceeds are intended to scale PLD Space's satellite launch infrastructure toward commercial operations.
PLD Space valuation & multiples
Explore the benchmarks: Series C.
Frequently asked questions
How much did PLD Space raise in its Series C?
PLD Space raised EUR 180 million in its Series C round, announced in March 2026.
What is PLD Space's valuation?
PLD Space's valuation was not disclosed in connection with this Series C round.
Who invested in PLD Space?
The round was funded by the Spanish Ministry of Science, Innovation and Universities through CDTI's INNVIERTE fund, COFIDES through its FOCO investment fund, and Nazca Capital via Nazca Aeroespacial y Defensa INNIVIERTE I FCR Fund.
When was PLD Space founded and where is it based?
PLD Space was founded in 2011 and is headquartered in Elche, Spain.
Source: original announcement — read the full report.