Excellent news.
More than five years after its founding, Renton, Wash.-based Radian Aerospace is emerging from stealth mode and reporting a $27.5 million seed funding round to support its plans to build an orbital space plane.
The round was led by Boston-based Fine Structure Ventures, with additional funding from EXOR, The Venture Collective, Helios Capital, SpaceFund, Gaingels, The Private Shares Fund, Explorer 1 Fund, Type One Ventures and other investors.
Radian has previously brought in pre-seed investments, but the newly announced funding should accelerate its progress.
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