Hogan Lovells advises various investors in the €40 million fundraising of The Exploration Company

Press releases | 09 February 2023

Paris, Munich, 08 February 2023 – A German-French team of global law firm Hogan Lovells has advised the new investors in the record €40 million Series A round of funding for European space company The Exploration Company.

Led by Red River West and EQT Ventures, the round gathers historical and new investors including Promus Ventures, Cherry Ventures, Vsquared, Omnes Capital, July Fund, Partech, Habert Dassault Finance, Schlumberger, WMA, Possible Ventures, Rymdkapital and Sista Fund.

Founded in 2021, The Exploration Company aims to democratize space exploration by making it affordable and sustainable. The company has created and operates NYX, a reusable space capsule that will carry cargo and eventually humans. It employs around 50 people in Munich, Bordeaux and Mérignac.

This operation will enable The Exploration Company to continue its development, notably by increasing its workforce, and to finance its activity until the first flight planned for 2024.

The Hogan Lovells team consisted of Hélène Parent (Partner) in Paris, Volker Geyrhalter (Partner), Cornelius Naumann (Counsel) and Dr Kilian Pfahl (Senior Associate) in Munich.