Foundational secures £8.2M pre-seed as it emerges from stealth
London-based space technology companyFoundational has emerged from stealth with £8.2 million in pre-seed funding toexpand its satellite positioning infrastructure and further develop its dataplatform....
London-based SpaceTech startup Foundational has emerged from stealth mode, announcing €9.6 million (£8.2 million) in pre-Seed funding. Investors include early-stage VCs Inflection, BACKED, Final Frontier, Adjacent, and Type One Ventures. Alexander Lange, Founding Partner at Inflection, stated that precise tracking of satellites and ground infrastructure is crucial as the space economy grows.
Founded in 2025 by Hira Virdee and Dave Gooding, Foundational aims to deliver highly precise positioning data for satellite applications, including navigation, Earth observation, and maritime/aviation. The company leverages laser-ranging technology originally developed at Lumi Space, which Virdee co-founded in 2018 with support from ESA and UK Space Agency.
Foundational automates and scales Satellite Laser Ranging (SLR), providing millimetre-level precision by measuring the time it takes for laser pulses to bounce off retroreflectors on satellites. This data supports space traffic control, navigation, Earth observation, and critical infrastructure across various sectors. With the new funding, Foundational plans to expand its ground station network, integrate manufacturing, scale retroflector production, and further develop its data platform.
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