Tech Company Financing Transactions
Continuum Space Systems Funding Round
Prophetic Capital Partners, Explorer 1 Fund and FreeFlow participated in a $3 million Seed funding round for Continuum Space Systems. The funding round closed on 6/23/2023.
Transaction Overview
Company Name
Announced On
6/23/2023
Transaction Type
Venture Equity
Amount
$3,000,000
Round
Seed
Investors
Proceeds Purpose
The company is still receiving interest in the round, which could increase that amount, Continuum CEO Marc Fagan told TechCrunch in a recent interview.
Company Information
Company Status
Private & Independent
Industry
Transportation
Mailing Address
600 Playhouse Alley Unit 400
Pasadena, CA 91101
USA
Pasadena, CA 91101
USA
Phone
Website
Email Address
Overview
Continuum Space Systems (Continuum) is a Software-as-a-Service for space startup launched from the Mandala Space Ventures studio in Pasadena, CA. The service is based, in part, on technologies licensed from California Institute of Technology (Caltech), which is the parent company of the Jet Propulsion Laboratory (JPL), a NASA field center for robotic exploration of space. The total funding invested in the development of these tools, exceeds $40-50M by NASA over multiple decades. These tools are flight proven and are what NASA/JPL use to design and navigate missions across our Solar System. Indeed, Caltech is an equity holder in Continuum at 3% of founding shares. The technical team of Continuum also comes from JPL and has relevant experience gained on missions including Cassini at Saturn, Europa Clipper, missions to the Moon, Mars, Earth constellations and more. Continuum has also developed unique, internal IP to glue these tools together into a common, Enterprise software platform. Th
Management Team
Title
Name
Email & Social
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Where The Data Comes From
Our team works diligently to document funding rounds that are announced publicly. All VC database entries reported here are sourced from a variety of public sources. The data is sourced from VentureDeal.com, an affiliated venture.
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