Australian spacecraft manufacturer Gilmour Space Technologies has raised A$61 million (around US$45.9 million) in series C funding, the largest private equity investment in the country’s space industry.

The latest round included participation from US-based Fine Structure Ventures, Australian venture capital firms Blackbird Ventures and Main Sequence, as well as Australian superannuation funds Hesta, Hostplus, and NGS Super.

Illustration of Gilmour’s Eris rocket in space / Photo credit: Gilmour Space Technologies