BOSTON, Feb. 4, 2020 (Accion Systems PR) — In-space propulsion system pioneer Accion Systems today announced that it is raising $11 million in Series B funding. The round is being co-led by Boeing HorizonX Ventures and Shasta Ventures.
The Series B round brings Accion’s total funding to date to $36 million, which includes $14 million in U.S. Dept. of Defense and NASA contracts. The new capital will be used to ramp up production of Accion’s next-generation product and to expand hiring.
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Flight test of P-19H engineering model of the Vector-R launch vehicle from Friends of Amateur Rocketry site in California. (Credit: Vector Space Systems)
TUCSON, Ariz., Oct. 19, 2018 (Vector PR) — Vector, a leading microsatellite launch company comprised of New Space and enterprise software industry veterans from SpaceX, Virgin Galactic, McDonnell Douglas, Boeing, Sea Launch and VMware, today announced that it has secured $70M in a Series B funding round led by Kodem Growth Partners, in conjunction with Morgan Stanley Alternative Investment Partners.
Accion Systems has raised $7.5 million in Series A funding to expand its development and production of innovative propulsion systems for small satellites. The Series A round was led by Shasta Ventures with partners Founder Collective, RRE Ventures and Slow Ventures, according to CrunchBase. Accion says that its “modular, customizable propulsion systems are some of the first that can turn affordable satellites into capable ones. Non-volatile, non-explosive propellants mean systems […]
