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