# HyPrSpace

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

- Industry: Aerospace
- Headquarters: Nouvelle-Aquitaine, France
- Website: www.hypr-space.com/
- Total disclosed funding: $17M
- Latest round: Series A (Jan 2, 2025)
- Investors on record: 5

## About

HyPrSpace, based in France, develops hybrid rocket propulsion technologies, offering innovative solutions that integrate the benefits of liquid and solid propulsion systems for enhanced launch efficiency and cost-effectiveness.Founded in 2019 in Nouvelle-Aquitaine, France, HyPrSpace manufactures hybrid rocket propulsion systems. In January 2025, HyPrSpace raised EUR 16 million in series A funding co-led by Red River West and Deeptech Labs, with participation from Bpifrance Investissement, Bpifrance Investissement Régions, and National Association of Counties. HyPrSpace specializes in hybrid rocket propulsion, delivering a scalable hybrid rocket engine that merges the benefits of liquid and solid propulsion systems. This innovative engine features an ultra-thin annular combustion chamber that enhances efficiency throughout the launch cycle, targeting satellite operators and space research institutions in Europe with responsive launch solutions catered to mission needs.HyPrSpace generates revenue through contracts related to its hybrid rocket technology, including a EUR 50 mn agreement with CNES for commercial launches and a EUR 35 mn project under the France 2030 initiative for the Baguette One suborbital rocket. Revenue is primarily derived from B2B agreements for launch services, ensuring payload delivery to Low Earth Orbit (LEO) for clients such as satellite operators, structured around milestones for project development and testing. HyPrSpace plans to leverage its recent January 2025 Series A funding to advance its hybrid propulsion systems, conduct the Baguette One suborbital test flight, and accelerate the development of the OB-1 rocket. The company aims to expand into defence applications and is targeting new geographic markets, with initiatives aligned to commence post-funding utilization in the near term.

## Funding rounds

- Series A, Jan 2, 2025, $17M — Bpifrance Investissement Régions, Bpifrance Investissement, Red River West, Deeptech Labs, National Association of Counties

## Investors

- Bpifrance Investissement Régions (https://capitalatlas.ai/funds/bpifrance-investissement-regions) — Series A
- Bpifrance Investissement (https://capitalatlas.ai/funds/bpifrance-investissement) — Series A
- Red River West (https://capitalatlas.ai/funds/red-river-west) — Series A
- Deeptech Labs (https://capitalatlas.ai/funds/deeptech-labs) — Series A
- National Association of Counties — Series A