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

Announced On
8/29/2019
Transaction Type
Venture Equity
Amount
$9,200,000
Round
Series A
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
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
Orbion Space Technology LinkedIn Company Profile
Social Media
Orbion Space Technology Company Twitter Account
Company News
Orbion Space Technology News
Facebook
Orbion Space Technology on Facebook
YouTube
Orbion Space Technology on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Lyon King
  Lyon King LinkedIn Profile  Lyon King Twitter Account  Lyon King News  Lyon King on Facebook
Chief Technical Officer
Jason Sommerville
  Jason Sommerville LinkedIn Profile  Jason Sommerville Twitter Account  Jason Sommerville News  Jason Sommerville on Facebook
Vice President
Robert Washeleski
  Robert Washeleski LinkedIn Profile  Robert Washeleski Twitter Account  Robert Washeleski News  Robert Washeleski on Facebook
VP - Bus. Development
Gregory Orndorff
  Gregory Orndorff LinkedIn Profile  Gregory Orndorff Twitter Account  Gregory Orndorff News  Gregory Orndorff on Facebook
VP - Engineering
Jason Makela
  Jason Makela LinkedIn Profile  Jason Makela Twitter Account  Jason Makela News  Jason Makela on Facebook
VP - Manufacturing
Joseph Panella
  Joseph Panella LinkedIn Profile  Joseph Panella Twitter Account  Joseph Panella News  Joseph Panella on Facebook


 

 

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About Our VC Transactions Data

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