# Apollo Fusion

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/apollo-fusion

- Industry: Defence
- Headquarters: Mountain View, US
- Website: www.apollofusion.com
- Total disclosed funding: $10M
- Latest round: Series B (Jun 1, 2018)
- Investors on record: 1

## About

Apollo Fusion, Inc., based in Mountain View, US, specializes in advanced propulsion technology for space applications, aiming to enhance satellite launch capabilities and expand access to various orbits.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. The headquarters is located in Mountain View, US.Apollo Fusion, Inc. provides propulsion technology aimed at enhancing satellite launch services for low Earth orbit (LEO) and beyond. Their innovative systems focus on reliability and rapid reusability, catering to governmental space agencies, commercial satellite operators, and research institutions across North America, Europe, and select regions in Asia.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. Key offerings play a central role in ensuring consistent access to space for diverse clients in the aerospace and telecommunications sectors.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.

## Funding rounds

- Series B, Jun 1, 2018, $10M — Greylock Partners

## Investors

- Greylock Partners (https://capitalatlas.ai/funds/greylock-partners) — Series B