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The company is kicking off its Series D with £16.7 million ($20.7 million) in fresh funding, with additional contributions from Octopus Ventures, BGF, Heartcore, EIFO and others. The new capital comes after Orbex closed a £40.4 million ($50 million) Series C in October 2022. While a spokesperson confirmed the new funding will “help Orbex ramp up the development of Prime … to ensure full readiness and scalability for its launch period,” a firm launch window has yet to be announced.
