Magdrive is working on advanced spacecraft propulsion for satellites in Low Earth Orbit (LEO).
Magdrive has raised $10.5M in total funding. The most recent round was Seed. The last funding was announced in February 2025.
Magdrive's investors include Alumni Ventures, Founders Fund, Entrepreneurs First, 7percent Ventures, Creative Destruction Lab (CDL).
Magdrive is headquartered in Harwell, United Kingdom.
Magdrive is working on advanced spacecraft propulsion for satellites in Low Earth Orbit (LEO).
Magdrive is at the Seed stage.
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"Magdrive — Funding & Investors." VCBacked, February 25, 2025, https://www.vcbacked.co/company/magdrive. Accessed July 19, 2026.
VCBacked. (2025). Magdrive — Funding & Investors. Retrieved July 19, 2026, from https://www.vcbacked.co/company/magdrive
{{cite web |title=Magdrive — Funding & Investors |url=https://www.vcbacked.co/company/magdrive |website=VCBacked |access-date=July 19, 2026}}Profile data sourced and verified per the VCbacked methodology · Last funding round dated