Space Technology Capital Raises in the U.S. – July 25-31, 2024
Please see below last week’s capital raises in the Space Technology sector.
If you would like more info on these deals or would like to discuss the capital-raising market for your company, please DM me.
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- Syqwest, based in Cranston, Rhode Island, was acquired for $125 million. The company designs sonar and acoustic sensing solutions for naval applications, including surface ship and submarine hull-mounted sensors, enhancing marine capabilities. (Post Valuation: $125 million).
- Bentley, a retail company from Montreal, Quebec, was acquired to expand its offerings of luggage and travel accessories, with a focus on providing innovative solutions for space technology applications.
- Electra.aero, based in Manassas, Virginia, raised funds for its hybrid-electric aircraft designed for sustainable urban and regional mobility. The company’s electric airplanes are equipped with pilot assistance systems and powered-lift technology, supporting environmentally friendly transportation. (Lead Investor: Honeywell).
- Look North World, located in Dover, Delaware, secured $4.5 million in seed funding to develop a gaming platform using Unreal Editor for Fortnite (UEFN), focusing on creating high-quality social games and virtual experiences with space themes. (Lead Investor: London Venture Partners, Post Valuation: $9.25 million).
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John Silvestri
Managing Director
Finance, strategy and capital markets executive. Originated structured and executed, as principal, agent and underwriter, over $4 billion of public and private, structured and project finance transactions. Industry expertise includes Energy and Power, Technology/Fintech/Digital, Sponsor, Transportation and Infrastructure, Consumer, Industrials and Agriculture, Banking, and Specialty Finance. Companies ranging from small to large, leveraged, high grade, venture, SPV’s and project finance. Transaction expertise across capital structure includes public and private bonds, equity, structured and direct investments, and unitranche. Leveraged finance includes senior/sub, bridge, acquisition, mezzanine, equity co-investment, and re-capitalizations. Previously, founder of an advisory and a direct investment business, Managing Director and Co-head of Investment Banking at Altamar Capital, and Director and Head of High Yield Capital Markets in New York for Barclays Capital. BS in Management from SUNY Buffalo. MBA from Fordham Gabelli Business School. FINRA Series 7 and 63 licenses.
- Email: jsilvestri@castleplacement.com
- (C) (203) 803-9861
John Silvestri
Managing Director
Please contact me if you have any questions or would like to discuss your capital raise:
Email: silvestri@castleplacement.com
(C) (203) 803-9861
Sources: Information on this page was derived from a variety of sources including Bloomberg, Company Websites, Crunchbase, PitchBook and other news outlets. Castle Placement™ does not warrant or guarantee this information, nor makes any representations as to the accuracy of the information. For more Risks, see CPGO Risks and Disclaimers.
