Tech Company Financing Transactions
Accion Systems Funding Round
Accion Systems, based in Boston, raised $2 million from Founder Collective, Founders Fund and Galvanize VC.
Transaction Overview
Company Name
Announced On
1/7/2015
Transaction Type
Venture Equity
Amount
$2,000,000
Round
Seed
Investors
Proceeds Purpose
The funding will go toward R&D, product development and sales; the company is looking to hire engineers, materials scientists and a sales/biz dev employee.
Company Information
Company Status
Private & Independent
Industry
Transportation
Mailing Address
529 Main St. 114
Boston, MA 02129
USA
Boston, MA 02129
USA
Phone
Website
Email Address
Overview
Accion Systems is printing propulsion systems for satellites based on proprietary technology developed at MIT. Our systems address an industry-wide issue: there are no suitable in-space propulsion options for small satellites, and systems designed for large satellites are cost prohibitive.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Peter Kant
Chief Scientific Officer
Louis Perna
Chief Technical Officer
Natalya Bailey
VP - Bus. Development
Elizabeth Barno
VP - Engineering
Bradley Kaanta
VP - Finance
Michael Archibald
VP - Operations
Hoyt Morgan
VP - Product Management
Thomas Phelps
Browse more venture capital transactions:
Prev: 1/7/2015: My New Financial Advisor venture capital transaction
Next: 1/7/2015: Device42 venture capital transaction
Share this article
Where The Data Comes From
We do our best to document all VC transactions involving tech companies. VC transactions reported here are sourced from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs