Tech Company Financing Transactions
Accion Systems Funding Round
On 7/22/2021, Accion Systems announced $42 million in Series C funding from Tracker Fund and private investors.
Transaction Overview
Company Name
Announced On
7/22/2021
Transaction Type
Venture Equity
Amount
$42,000,000
Round
Series C
Investors
Tracker Fund (Lead Investor)
Proceeds Purpose
This latest injection of capital will facilitate the development and manufacturing of the company's fourth generation propulsion system, dubbed the tiled ionic liquid electrospray (TILE) system.
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
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