# Accion Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/accion-systems

- Industry: Aerospace
- Headquarters: Boston, US
- Website: www.accion-systems.com
- Total disclosed funding: $60M
- Latest round: Series C (Jul 21, 2021)
- Investors on record: 11

## About

Accion Systems Inc. develops advanced propulsion technologies for satellites, focusing on Tiled Ionic Liquid Electrospray (TILE) thrusters to enhance space exploration capabilities.Founded in 2014, Accion Systems Inc. is based in Boston, US, and specializes in satellite propulsion systems. The company has completed 5 deals, with its latest funding round being a Series C where it raised USD 39.374 mn led by Tracker Capital on July 21, 2021. The current company valuation stands at USD 72.161 mn. Natalya Bailey, the founder, has been pivotal in steering the company's innovative direction in the aerospace sector.Accion Systems Inc. specializes in advanced propulsion systems, particularly its innovative TILE thrusters designed for larger satellites. Their offerings cater to a broad spectrum of applications within satellite communications, earth observation, and scientific research. The company serves clients across various sectors including governmental, commercial, and defense, primarily in North America, Europe, and select Asia-Pacific regions.Accion Systems Inc. generates revenue through direct sales and business-to-business transactions within the aerospace industry. It focuses on significant contracts with governmental and commercial clients for its advanced propulsion technologies. Revenue streams include sales from satellite propulsion systems, with prices determined by complexity and capabilities, alongside partnerships that facilitate collaborative projects.Following its Series C funding round in July 2021, where Accion Systems Inc. raised USD 39.374 mn, the company plans to utilize these funds to scale up its TILE thrusters for larger satellites. The expansion strategy includes targeting new markets and geographic regions to enhance their technology's application. Specific timelines for product launches and market expansion have not been disclosed.

## Funding rounds

- Series C, Jul 21, 2021, $39M — Tracker Capital
- Series B, Feb 4, 2020, $11M — Shasta Ventures, HorizonX Ventures
- Series A, May 12, 2016, $7.5M — RRE Ventures, Shasta Ventures, Founder Collective, Slow
- Seed, Jan 5, 2015, $2M — RRE Ventures, Founders Fund, Founder Collective, Slow, Upslope Ventures, SDF Ventures, GettyLab, TechU Ventures

## Investors

- RRE Ventures (https://capitalatlas.ai/funds/rre-ventures) — Seed, Series A
- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Seed
- Founder Collective (https://capitalatlas.ai/funds/founder-collective) — Seed, Series A
- Slow (https://capitalatlas.ai/funds/slow) — Seed, Series A
- Upslope Ventures (https://capitalatlas.ai/funds/upslope-ventures) — Seed
- SDF Ventures — Seed
- GettyLab (https://capitalatlas.ai/funds/gettylab) — Seed
- TechU Ventures (https://capitalatlas.ai/funds/techu-ventures) — Seed
- Shasta Ventures (https://capitalatlas.ai/funds/shasta-ventures) — Series A, Series B
- HorizonX Ventures (https://capitalatlas.ai/funds/horizonx-ventures) — Series B
- Tracker Capital (https://capitalatlas.ai/funds/tracker-capital) — Series C