Tech Company Financing Transactions
X-Bow Systems Funding Round
X-Bow Systems secured a $70 million Series B financing round on 7/10/2024. Investors included Razor's Edge Ventures, Balerion Space Ventures and Boeing.
Transaction Overview
Company Name
Announced On
7/10/2024
Transaction Type
Venture Equity
Amount
$70,000,000
Round
Series B
Investors
Proceeds Purpose
The company intends to use the funds to accelerate the growth of its hypersonic-capable vehicles, strategic and tactical scale solid rocket motor programs, and completion of its Luling, TX gigafactory campus. It will also be expanding its engineering and R&D facilities across New Mexico.
Company Information
Company Status
Private & Independent
Industry
Defense
Mailing Address
6200 Uptown Blvd NE Suite 200
Albuquerque, NM 87110
USA
Albuquerque, NM 87110
USA
Phone
Website
Email Address
Overview
X-Bow Systems Inc. ("Crossbow") is an American small launch services and rocket propulsion technology company. Our solid rocket motor manufacturing technology, combined with our space launch and modular boost platforms, make us a disruptive emerging supplier to the defense and national security industries.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jason Hundley
Chief Technical Officer
Max Vozoff
Co-Founder
Maureen Gannon
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