Dawn Aerospace has closed a US$25 million Series B at a US$195 million post-money valuation. The New Zealand-Dutch space transportation company will use the new funds to accelerate development of its Aurora spaceplane, and to conduct an in-space refueling demo. Balerion Space Ventures led the round, which drew investors from New Zealand, Japan, and the US, including Mana Ventures, ANA Future Frontier Fund, NZVC, and others.
Latham & Watkins LLP represents Balerion Space Ventures in the transaction with an Emerging Companies & Growth team led by San Diego counsel Evan Youngstrom.
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