SpaceTech Capital Raises in the U.S. – October 1st-15th, 2024
Several interesting transactions closed in the SpaceTech sector this past 2 weeks. If you would like more info on these deals or would like to discuss the capital raising market for your company, please contact me.
Merger/Acquisition and Corporate
- Radiance Ignite Technologies, provider of technology development services intended to empower military forces and safeguard national interests, formed as a joint venture between Ignite Fueling Innovation and Radiance Technologies.
Later Stage VC
- Impulse Space, manufacturer of aviation and aerospace components designed for economical and last-mile space payload delivery, raised $150 million of Series B venture funding in a deal led by Founders Fund putting the company’s pre-money valuation at $360 million.
Early Stage VC
- E-Space, operator of a global space company intended for bridging Earth and space with a sustainable low earth orbit network, raised venture funding from Allon Ventures.
- Argo Space, provider of in-space transport services intended to offer cost-effective and sustainable access to various orbital locations, raised CNY 10 million of Pre-Series A venture funding in a deal led by Crosslink Capital and Oriza Ventures.
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Guardian RF, developer of a UAV (Unmanned Aerial Vehicle) detection system designed to detect, track, and improve unmanned aerial systems, raised venture funding from D3 Venture Capital and Space Capital.
Angel, Seed, and Grant
- Volta Space Technologies, developer of a wireless energy transmission system designed for space applications, raised seed funding from MaC Venture Capital, Industrious Ventures.
- Orbotic Systems, developer of space technology solutions designed for satellite deorbiting, space debris removal and space weather forecasting, received $825,000 of grant funding from National Oceanic and Atmospheric Administration as a part of its SBIR grants.
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New Frontier Aerospace, developer of advanced rocket engines for fast cryogenic orbit transfer stages, planetary landers, and net carbon-negative hypersonic aircraft, raised $2.5 million of seed funding from Pacific Bays Capital putting the company’s pre-money valuation at an estimated $47.5 million.
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Planetary Systems, provider of cyber-first artificial intelligence and machine-learning solutions, joined Seraphim Space as a part of it’s Seraphim Space Accelerator 14th Cohort and received funding.
#castleplacement #capitalraising #privateequity #venturecapital #investment #SpaceTech
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 SilvestriManaging Director |
Please contact me if you have any questions or would like to discuss your capital raise:
Email: jsilvestri@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.
