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Business/Financial

Spacecraft Developer Portal Space Raises $17.5 Million In Seed Round

By Cal Biesecker

Thursday, April 3rd, 2025

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Spacecraft Developer Portal Space Raises $17.5 Million In Seed Round

Test equipment at Portal Space Systems' facility in Seattle. Photo: Portal Space

Startup satellite developer Portal Space Systems on Thursday said it raised $17.5 million in an oversubscribed seed round that will support the full-scale demonstration of its Supernova multi-role, transorbital spacecraft expected to launch in 2026. The funding raise builds on an undisclosed pre-seed round when Portal was created in November 2021, and $5.5 million in various Small Business Innovation Research Contracts awarded by the Space Force, including for tactically responsive space. The Seattle-based company emerged from stealth a year ago.…

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