Tech Company Financing Transactions
Accion Systems Funding Round
Accion Systems closed a $11 million Series B financing round on 2/5/2020. Investors included Boeing HorizonX, Shasta Ventures and private investors.
Transaction Overview
Company Name
Announced On
2/5/2020
Transaction Type
Venture Equity
Amount
$11,000,000
Round
Series B
Investors
Boeing HorizonX (Lead Investor) (Brian Schettler)
Shasta Ventures (Lead Investor)
Proceeds Purpose
The company intends to use the to ramp up production of its next- generation product and to expand hiring.
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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We do our best to document all VC transactions involving tech companies. VC transactions reported here are sourced from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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