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Oxford Space Systems Raises £6.7m

Oxford Space Systems Raises £6.7m

27 Jun 15:00 by Pete Burden

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Oxford Space Systems (OSS) has raised £6.7m to continue its mission to capture a sizeable part of the growing UK space industry with its innovative satellite antennas and structures.  OSS plans to use the money to open a new HQ at the Harwell Space Cluster near Oxford as well as further develop the company’s technology.  The company has now raised a total of £10m.

The company’s products are based on using lightweight materials and novel engineering techniques that enable it to reduce costs, create lighter products and speed up development cycles.

Mike Lawton, CEO and founder of OSS stated: “Closing the latest round and moving to our own facility at the Harwell Space Cluster puts us in an excellent position to address the global opportunities we’re being approached with. I launched the company after realising that deployable antennas and structures are often a neglected area of a spacecraft – an area ripe for innovation. With OSS, we’re creating a step change by using innovative materials and a new approach to volume product build – and this investment is as much a recognition of our successes in delivering on this vision to date.