Tech Company Financing Transactions
Argo Space Corp Funding Round
Argo Space Corp, based in Hermosa Beach, received $2 million from Type One Ventures, Boost VC and Earthrise Ventures.
Transaction Overview
Company Name
Announced On
4/13/2023
Transaction Type
Venture Equity
Amount
$2,000,000
Round
Undisclosed
Investors
Proceeds Purpose
Argo's focus on water as a propellant partly stems from Ryan's experience working with cryogenic propellants, like liquid oxygen, methane and hydrogen.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
Undisclosed
Hermosa Beach, CA Undisclosed
USA
Hermosa Beach, CA Undisclosed
USA
Phone
Undisclosed
Website
Email Address
Overview
At Argo, we are building infrastructure for the future of space. The next great leap beyond Earth requires re-imagining in-space transportation, transitioning to a new paradigm of abundant, unconstrained movement. We are untethering space operations from Earth by leveraging the moon's shallow gravity well and accessible water resources. Argo will harvest lunar water and use it as propellant to create a true in-space transportation network. By sourcing propellant from the moon, we will provide the freedom to maneuver throughout space. This freedom will expand the possibilities for businesses in space and support permanent human presence beyond Earth. Harnessing Lunar water will help open a new era of affordable space activity and propel us further into the final frontier.
Management Team
Title
Name
Email & Social
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