The Exploration Company raises $450M Series C to scale reusable space transport

European space company The Exploration Company (TEC) has raised $450 million in Series C funding to advance its reusable space transportation systems and expand its operations. The round was co-led by Bessemer Venture Partners , Atomico and the Scaleup Europe Fund, managed by EQT , with participation from existing investors including Balderton, Plural, Cherry and Red River West. Bessemer's Alex Ferrara will join TEC's board of directors.