Tech Company Financing Transactions
Orbion Space Technology Funding Round
Material Impact Fund, Ann Arbor SPARK and Boomerang Catapult participated in a $9.2 million Series A capital raise for Orbion Space Technology. The round was recorded on 8/29/2019.
Transaction Overview
Company Name
Announced On
8/29/2019
Transaction Type
Venture Equity
Amount
$9,200,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the funds to manufacture and mass-produce the first-ever Hall-effect plasma thrusters for small satellites, dubbed the Orbion Aurora system.
Company Information
Company Status
Private & Independent
Industry
Transportation
Mailing Address
101 W Lakeshore Dr.
Houghton, MI 49931
USA
Houghton, MI 49931
USA
Phone
Website
Email Address
Not Recorded
Overview
Orbion Space Technology is developing and manufacturing revolutionary plasma propulsion systems for small satellites. Because of their fuel efficiency, Orbion's thrusters can save spacecraft operators millions of dollars in operating costs while increasing the value of the spacecraft's data product.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Lyon King
Chief Technical Officer
Jason Sommerville
Vice President
Robert Washeleski
VP - Bus. Development
Gregory Orndorff
VP - Engineering
Jason Makela
VP - Manufacturing
Joseph Panella
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