SmallSpark Space Systems ignite after raising an investment
SmallSpark space systemThe award-winning rocket propulsion innovator will reach new heights with the advice of the GS Verde Group, announcing a £ 500,000 scale-up investment from Deepbridge Capital.
SmallSpark is entering space for a British group seeking access to space, making it easier to access cost-effective and environmentally friendly space with a new generation of safer engines and propulsion systems. Redefining the UK space sector by lowering the barriers.
With this latest funding from Deepbridge Capital’s Technology Growth EIS Foundation, SmallSpark will continue its commercial journey and take advantage of the growing demand for space-agile, low-cost dedicated launches for low-mass satellites.
Joseph Ward, CEO and Founder of SmallSpark Space Systems Limited, commented on the investment:
“We are pleased to have secured this latest round of funding through Deepbridge. Being at the forefront of space and propulsion technology requires considerable capital but offers endless possibilities. ..
“We are pleased with the progress made so far and the great interest in our technology from the major players in our sector. In this next development phase, we will continue to develop these products. We will continue to expand exciting relationships. “
The investment followed a period of extraordinary progress at Small Spark, with the team growing from a total of four to seven. I have a plan to continue employment. SmallSpark aims to double the number throughout 2022, so we are currently accepting applications for graduate and senior engineer roles.
Adrian Neilan, Director of Technology Investment at Deepbridge Capital, added:
“Small Spark represents cutting-edge innovation and could be the center of global demand for cost-effective technology to enable the secure delivery of commercial launches. Is not expected to catch up with the imminent commercial rocket boom and is looking forward to being led by Small Spark.
“When looking for investment opportunities on behalf of investors, we look for three key factors: great innovative technology, global scalability, and a great team. SmallSpark is all these boxes. Is definitely checked and is a good example of why the UK Government’s corporate investment scheme exists. “
SmallSpark has previously secured seed-stage funding from the Deepbridge Innovation SEIS Fund, as well as funding from Research England, the European Regional Development Fund, and the Space Research and Innovation Network for Technology.
Note to the editor:
Based in Cardiff, England. Backed by venture capital and the Government of Wales, SmallSpark Space Systems is developing next-generation technologies that will enable easier and cheaper access to space. Their vision is to provide the tools and services needed to grow the world’s space economy, making space more accessible to new countries and businesses than ever before.
SmallSpark develops high-performance atmospheric propulsion systems, low-cost, small-element satellite propulsion, cloud-based design optimization tools, and uses proprietary AI technology to provide bespoke design optimization services.
Deepbridge Capital aims to redefine the growth capital markets by providing individual investors with access to opportunities to be procured, reviewed and managed by a team of sector specialists. Deepbridge identifies highly innovative companies and grows into highly successful companies with the goal of supporting an energetic, passionate and knowledgeable management team and providing optimal profits to investors. I am aiming for. As an investment specialist in the technology, life sciences and renewable energy sectors, Deepbridge works with investees in the funding process, always keeping in mind creating the right exit for investors.
SmallSpark Space Systems Secures £ 500,000 Seed Investment from Deepbridge Capital – UK Tech Investment News
Source link SmallSpark Space Systems Secures £ 500,000 Seed Investment from Deepbridge Capital – UK Tech Investment News