Tech Company Financing Transactions
Inversion Funding Round
On 11/21/2024, Inversion secured $44 million in Series A funding from Adjacent, Spark Capital and Kindred Ventures.
Transaction Overview
Company Name
Announced On
11/21/2024
Transaction Type
Venture Equity
Amount
$44,000,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the funds to scale its operations and build Arc, its next-generation autonomous re-entry vehicle.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
669 West 16th Street
Los Angeles, CA 90731
USA
Los Angeles, CA 90731
USA
Phone
Undisclosed
Website
Email Address
Overview
Inversion was born in our garage in Los Angeles in 2021, when we realized that by creating low-cost re-entry vehicles, we could unlock brand new markets and harness the peculiarity of space. We took Inversion through Y Combinator in the summer of 2021, resulting in funding from amazing partners that enabled the rapid scaling up of the team and facilities. We are incredibly proud of the team, with each member demonstrating not only excellence in their technical domain, but also a "founder mentality" that is critical to Inversion's progress and future. We are building Inversion not because we love space, but because we believe that the advancement of humanity occurs when decades of technical improvements are uniquely packaged with a clear vision of the future. For Inversion, that means making space a transportation layer for Earth.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Justin Fiaschetti
Chief Technical Officer
Austin Briggs
Vice President
Collin Corey
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Where The Data Comes From
Our team works diligently to record tech company VC transactions. VC investment data records reported here come from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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