# AscendArc

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ascendarc

- Industry: Aerospace
- Headquarters: Beaverton, US
- Website: www.ascendarc.com/
- Total disclosed funding: $0.5M
- Latest round: Seed (Jan 29, 2025)
- Investors on record: 5

## About

Based in Oregon, US, and founded in 2023 by CEO Chris McLain, AscendArc, Inc. operates as a provider of small geostationary satellites for communication infrastructure, data relay, and remote monitoring to enterprises, public sector organizations, and international markets. In January 2025, AscendArc, Inc. raised USD 4 million in venture funding from Seraphim Space Manager, Everywhere Ventures, Portland Seed Fund, The Thermo Companies, and Hunter Communications. AscendArc, Inc. designs and manufactures small geostationary satellites with improved bandwidth and low incremental costs. The satellites are developed for telecommunications, data transmission, and remote monitoring, utilizing advanced payload configurations and scalable production methods. The company serves telecommunications providers, government agencies, and businesses aiming to enhance communication capabilities. Revenue is generated through direct satellite sales, structured on fixed-price contracts that may include installation, maintenance, and support services. The company secures business-to-business transactions, negotiating sales based on specific client requirements. Revenue streams rely on project-based billing and ongoing service agreements.

## Funding rounds

- Seed, Jan 29, 2025, $0.5M — Seraphim Space Manager, Portland Seed Fund, The Thermo Companies, Everywhere Ventures, Hunter Communications

## Investors

- Seraphim Space Manager (https://capitalatlas.ai/funds/seraphim-space-manager) — Seed
- Portland Seed Fund (https://capitalatlas.ai/funds/portland-seed-fund) — Seed
- The Thermo Companies — Seed
- Everywhere Ventures (https://capitalatlas.ai/funds/everywhere-ventures) — Seed
- Hunter Communications — Seed