
Led by Alpine Space Ventures Partner and former SpaceX VP, Bulent Altan, company to leverage funds to meet increased demand of smallsat focused solutions
LOS ANGELES, Sept. 14, 2022 (Morpheus Space PR) — Morpheus Space, the leading provider of in-space mobility systems, today announced the close of a $28M Series A funding round led by space exclusive VC, Alpine Space Ventures. Alpine was joined by Morpheus Ventures, and existing investors – Vsquared Ventures, Lavrock Ventures, Airbus Ventures, In-Q-Tel, Pallas Ventures, and Techstars Ventures who returned from the company’s Seed Round.
Morpheus Space will leverage the financing round to expand and improve its manufacturing capabilities, namely, with a new factory in Dresden, Germany. The decision was prompted by a rapidly increasing demand for electric propulsion devices as brands mobilized around the creation of small satellite focused constellations. In just two years, the number of small satellite launches has jumped up nearly 450% from what it was in 2019, now sitting close to 1,800 annually.
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