Press Release
Press Release
Press Contacts: Erik Cummins, Matt Hyams, Olivia Thomas
10.12.23
A team of Pillsbury lawyers led by Corporate partner Ron Fleming and senior associate Taylor O’Toole advised Stoke Space Technologies in its recent $100 million Series B financing round to drive continued growth and innovation.
The funding round was led by Industrious Ventures with participation from the University of Michigan, Sparta Group, Long Journey and others, along with multiple existing investors.
Stoke Space intends to put the raised funds toward financing the development of its first stage rocket engine and structure, the orbital version of its reusable second stage and new construction at the historic Launch Complex 14 at Cape Canaveral Space Force Station in Florida.
Additionally, the company revealed the official name of its first rocket: Nova.
To learn more about the deal, click here.
In addition to Fleming and O’Toole, the Pillsbury deal team included Corporate associates Hongxi Wang and Sarah Konnerth; International Trade partner Matthew Rabinowitz; Intellectual Property partners Chris Drymalla and Steven Tepera and senior associate Sandro Serra; and Government Contracts & Disputes counsel Aaron Ralph.