British Space Tech Pioneers Secure £6.7M in Funding

Jun 15, 2018 · bqlive.co.uk

1528967266362.jpg  british space tech pioneer secures  6 7m in funding

Oxford Space Systems (OSS) is today announcing it has secured £6.7 million in funding from a syndicate of investors including IQ Capital, Longwall Ventures, Foresight Williams, OTIF, Midven and Wren.

The current round, led by Longwall Ventures, brings the total amount raised in external funding to £10m since OSS’ launch in late 2013.

The recent investment makes OSS the most highly funded UK start-up, upstream space technology business.

The funding will enable the accelerated development of OSS’s technology – pioneering the development of a new generation of deployable antennas and structures that are lighter, less complex and lower cost than currently available.

OSS achieves this by combining its new, proprietary materials - that are lighter than those traditionally used in space technology - with traditional flight-proven materials, often using origami engineering techniques to reduce stowage volume.

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