Tech Company Financing Transactions
Benchmark Space Systems Funding Round
Benchmark Space Systems closed a $33 million Series B funding round on 7/7/2023. Backers included private investors.
Transaction Overview
Company Name
Announced On
7/7/2023
Transaction Type
Venture Equity
Amount
$33,000,000
Round
Series B
Investors
Proceeds Purpose
The Series B capital will be used to help the company manufacture at-scale and deliver on the more than 220 propulsion systems in its backlog,
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
44 Lakeside Avenue 112
Burlington, VT 05401
USA
Burlington, VT 05401
USA
Phone
Email Address
Overview
Benchmark Space Systems is a full life cycle in-space mobility provider, delivering products and partnerships from mission planning through decommission. Founded in 2017 to develop green propulsion technologies and bring flexible integrated solutions to the market, the team's rapid growth and focus on the accessibility and sustainability of a democratized space domain has resulted in a product lineup of turn-key propulsion systems for 3U cubesat through ESPA and OTV class spacecraft in LEO, GEO, and beyond.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Ryan McDevitt
Chief Operating Officer
Wesley Grove
Chief Technical Officer
Jake Teufert
Browse more venture capital transactions:
Prev: 7/6/2023: Clair venture capital transaction
Next: 7/7/2023: Northstar Clean Technologies venture capital transaction
Share this article
Where The Data Comes From
We do our best to report on every notable VC transaction. All VC database entries on this site are sourced from a variety of public sources. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs