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Varda Space Industries
El Segundo, US · Founded 2021 · 272 employees on LinkedIn · 44 known investors
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Varda industrializes low Earth orbit by manufacturing pharmaceuticals and other specialized products in space, then returning them to Earth via reusable reentry capsules. The company develops both in-space production infrastructure and the vehicles needed to support commercial orbital manufacturing.
Also known as Varda · Varda Space Industries
Founders & leadership
Varda Space Industries was founded in 2021 by Will Bruey and Delian Asparouhov.
Investors · 44
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Reported raises · per SEC filings
Form D private placements$54M disclosed across 3 rounds · 2020–2021
▶$2.8MraisedJan 2022 · 25 investors · Other TechnologyRule 506(b)
- Michael AnnunziataDirector
- Samir KaulDirector
- Delian AsparaouhovDirector
- William BrueyExecutive Officer, Director
- Shahin FarshchiDirector
- Offering amount
- $2.8M
- Amount sold
- $2.8M
- First sale
- Oct 2021
- Incorporated
- Corporation, Delaware, 2020
- Federal exemptions
- 06b
▶$42.2MraisedSep 2021 · 41 investors · Other TechnologyRule 506(b)
- Delian AsparouhovDirector
- Michael AnnunziataDirector
- William BrueyExecutive Officer, Director
- Josh WolfeDirector
- Trae StephensDirector
- Offering amount
- $42.2M
- Amount sold
- $42.2M
- First sale
- Sep 2021
- Incorporated
- Corporation, Delaware, 2020
- Federal exemptions
- 06b
▶$9MraisedJan 2021 · 28 investors · OtherRule 506(b)
- William BrueyExecutive Officer, Director
- Delian AsparouhovExecutive Officer, Director
- Daniel MarshallDirector
- Trae StephensDirector
- Josh WolfeDirector
- Offering amount
- $9M
- Amount sold
- $9M
- First sale
- Dec 2020
- Incorporated
- Corporation, Delaware, 2020
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Company profile
researched Aug 2026Varda Space Industries, based in El Segundo, California, develops a platform built entirely in-house for orbital material processing and atmospheric reentry. The company organizes its offerings around three areas: government customers, for whom it positions its vehicles as a hypersonic testbed for reentry and orbital flight testing; biopharma customers, for whom it offers microgravity processing to identify unique morphologies and crystal structures; and broader microgravity research.
The company's platform is marketed under the name W-Series. Varda frames its mission as expanding the economic bounds of humankind and describes its work in terms of an orbital industrial revolution.
Business model
Varda offers access to its in-house orbital processing and reentry platform to external customers, with dedicated contact channels and solution lines for government, biopharma, and microgravity research users.
Latest developments
Varda announced a research collaboration with United Therapeutics.
▸Full profile — technology, go-to-market, geography
Technology
A vertically developed (in-house) system for processing materials in orbit and returning them through atmospheric reentry, offered commercially as the W-Series platform.
Go-to-market
Government agencies seeking hypersonic reentry and orbital flight testing capability, biopharmaceutical companies pursuing crystallization and morphology work in microgravity, and microgravity researchers.
Geography
Headquartered at 225 S Aviation Blvd, El Segundo, California, United States.
Compiled by commissioned research from 1 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Founder mafia
4 people who came through Varda Space Industries went on to found or lead other companies.
Related companies · 4
Companies working in the same space as Varda Space Industries.
Non-dilutive funding · 3 SBIR/STTR awards
Federal grants — no equity taken| Agency | Phase | Year | Amount |
|---|---|---|---|
| U.S. Air ForceAir Force | Phase II | 2023 | $29.5M |
| U.S. Air ForceAir Force | Phase I | 2022 | $46.4K |
| U.S. Air ForceAir Force | Phase II | 2021 | $443.5K |
Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.
Timeline · 1
launches, deals, and filingsVarda announced a research collaboration with United Therapeutics.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 1
primary sources listed
- Manufacturing in spacevarda.com · web
1 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Varda Space Industries do?
- Varda Space Industries operates an in-house platform for orbital material processing and return of products to Earth.
- Who founded Varda Space Industries?
- Varda Space Industries was founded by Will Bruey, Delian Asparouhov in 2021.
- Who are Varda Space Industries's investors?
- Varda Space Industries's investors include Also Capital, Caffeinated Capital, Founders Fund, General Catalyst, Khosla Ventures, Lux Capital, 137 Ventures, Advaita Capital and 36 more.
- How much funding has Varda Space Industries raised?
- Varda Space Industries has disclosed $54M raised across 3 rounds.
- Where is Varda Space Industries headquartered?
- Varda Space Industries is headquartered in El Segundo, US.