Apollo Fusion
Latest round
- Series B
Last raised
- Jun 2018
Total raised
- $10M
Investors
- 1
About Apollo Fusion
Founded in 2016 by Benjamin Longmier and Mike Cassidy, Apollo Fusion, Inc. develops propulsion systems that improve satellite deployment. The company was acquired by Astra Space, Inc. for USD 50 mn in June 2021, allowing for a strategic expansion into broader space services.Apollo Fusion, Inc. provides propulsion technology aimed at enhancing satellite launch services for low Earth orbit (LEO) and beyond.The primary revenue stream for Apollo Fusion, Inc. comes from contracts related to propulsion systems for satellite launches. The revenue model includes both one-time fees for propulsion services and potential follow-on contracts, structured based on payload size and client specifications.Apollo Fusion, Inc. will leverage the recent acquisition by Astra Space, Inc. to enhance its service offerings beyond low Earth orbit (LEO). The funds from the acquisition, finalized in June 2021 for USD 50 mn, will support the development of new propulsion technologies and expand into medium Earth orbit, geosynchronous, and lunar operations. This strategic focus aims to capture a broader market share in the rapidly evolving space industry.
Who invested in Apollo Fusion
1 investor across 1 round
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Funding rounds
Series B
Jun 1, 2018
Amount
$10M
Investors
Questions about Apollo Fusion
Who invested in Apollo Fusion?
Apollo Fusion has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Apollo Fusion raised?
Apollo Fusion has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Apollo Fusion last raise money?
Apollo Fusion's most recent round on record is a Series B, in Jun 2018.
What does Apollo Fusion do?
Founded in 2016 by Benjamin Longmier and Mike Cassidy, Apollo Fusion, Inc.
Where is Apollo Fusion headquartered?
Apollo Fusion is headquartered in Mountain View, US.
Which VCs invest in companies like Apollo Fusion?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back defence companies at Apollo Fusion's stage. Their profiles are linked below.
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