Constellations, Launch, New Space and more…
TAG
“Draper Associates”
Venus Aerospace Raises $20 Million In Series A Funding Led By Prime Movers Lab
Venus Aerospace team at the Houston Spaceport. (Image Credit: Venus Aerospace)

HOUSTON (Venus Aerospace PR) — Venus Aerospace, a startup developing hypersonic aircraft, raised a $20 million Series A funding round led by Prime Movers Lab, which invests in breakthrough scientific companies that reinvent and transform the way we live and operate.

(more…)
  • Parabolic Arc
  • April 5, 2022
Aquarian Space Raises Seed Round for Deep Space Communications Network

BOULDER, Colo. (Aquarian Space PR) — Aquarian Space, the world’s first high data rate internet service for the Solar System, announced today they have successfully raised a seed round led by notable Draper Associates, a leader in early-stage venture capital having funded companies such as SpaceX, Tesla and Coinbase. This raise will accelerate development plans for Aquarian Space’s SOLNETTM, which will offer critical high-speed internet and communications for beyond-Earth operations.

High-speed internet drives communication on Earth; however, this fast and reliable network ends with the geostationary orbit. Above Earth’s orbit, current communication is reliant on technology dating back to the 1960’s, which makes downloading lunar and deep space data an extremely slow process. With the lunar economy in fast development, driven by NASA’s Artemis program, a lack of high-speed communication poses a serious bottleneck for lunar operations and future Mars exploration.

(more…)
  • Parabolic Arc
  • March 21, 2022
Draper Associates & ATX Venture Partners Lead Slingshot Aerospace’s Oversubscribed $25 Million Series A-1 Funding Round

AUSTIN, Texas/EL SEGUNDO, Calif., March 10, 2022 (Slingshot Aerospace PR) — Slingshot Aerospace, Inc., a company building world-class space simulation and analytics products to accelerate space sustainability, announced today that it has raised $25 million in Series A-1 funds. The new money is in addition to the $9.6 million Series A funds raised in October 2020, bringing the total raised for the A and A-1 rounds to $34.6 million to date.

The oversubscribed A-1 round was co-led by Draper Associates, the global venture capital firm of prominent Silicon Valley venture capitalist Tim Draper, and ATX Venture Partners. Additional participation in the round included Edison Partners, Embedded Ventures, Valor Equity Partners, Lockheed Martin Ventures, and more. Participation from previous investors also included Revolution’s Rise of the Rest Fund, Okapi Venture Capital and others. Since inception in July 2017, Slingshot Aerospace has raised $42 million in funding. 

(more…)
  • Parabolic Arc
  • March 11, 2022
ICEYE Raises $87 Million Series C Round to Expand Radar Imaging Services

Helsinki, FINLAND – September 22, 2020 – ICEYE, a World-leading SAR data provider, today announced the closing of a larger than planned $87M Series C funding, led by return investor True Ventures, with a significant additional investment by OTB Ventures.

ICEYE has so far successfully launched 5 satellite missions, starting with the first ever small SAR satellite launched in January 2018. The company is launching 4 additional SAR satellites this year and is on course to launch at least an additional 8 in 2021. This will grow the existing operational constellation into a capability that is unique in the World. To date, ICEYE has raised a total of $152M in financing.

(more…)
  • Parabolic Arc
  • September 22, 2020
OTB Ventures Launches OTB Space Program I, Investing in ICEYE’s $87 Million C Round
  • Newly launched space investment program supports $87m series C funding round for ICEYE
  • Builds on OTB Ventures alliance with Draper Venture Network

AMSTERDAM, 22 September 2020 – OTB Ventures, a leading venture capital firm specialized in investments in technology companies originating in Central and Eastern Europe (CEE), today announces the launch of a dedicated investment vehicle to support Europe’s leading space technologies – OTB Space Program I – backed by the European Investment Fund and the European Commission through the InnovFin for Equity programme.

(more…)
  • Parabolic Arc
  • September 22, 2020