ISPTech secures €2 million in a pre-seed round led by HTGF and backed by First Momentum Ventures and Possible Ventures to develop greener space propulsion technologies
Amount Raised
€2 Million
Round Type
Pre-Seed
LampoldshausenManufacturingAerospaceInvestors
Description
Lampoldshausen-based InSpacePropulsion Technologies (ISPTech), a spin-off from the German Aerospace Center (DLR), announced the closing of its €2 million pre-seed round. The investment will be used to make ISPTech’s propulsion technologies ready for its first customers and spaceflight.
Quick answer
ISPTech raised €2 Million in a Pre-Seed round, dated July 2, 2024. Investors: Possible Ventures, First Momentum Ventures and Htgf. ISPTech is based in Lampoldshausen, Hardthausen, Germany.
- How much did ISPTech raise?
- ISPTech raised €2 Million in a Pre-Seed round on July 2, 2024.
- Who invested in ISPTech?
- Possible Ventures, First Momentum Ventures and Htgf are named as investors in this round.
- What does ISPTech do?
- InSpacePropulsion Technologies (ISPTech) is a Spin-Off of the Institute of Space Propulsion at the German Aerospace Center (DLR).
- Where is ISPTech based and how big is it?
- ISPTech is based in Lampoldshausen, Hardthausen, Germany. Fundz records about 6 employees.
- Who are the decision-makers at ISPTech?
- Fundz holds 1 contact at ISPTech. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Aerospace and Manufacturing around the same time
Companies in the same sectors as ISPTech that raised within 45 days of this round, from Fundz verified event records.
- JetZero raised an undisclosed amount (Series A) on August 13, 2024.
- Lucid Group raised $1.5B (Convertible Note) on August 7, 2024.
- Precision Aerospace & Defense Group raised $2.5M on July 31, 2024.
- H55 raised $74M (Series C) on July 29, 2024.
- Momentus raised an undisclosed amount (Convertible Note) on July 18, 2024.
- VerdeGo Aero raised $2M on July 12, 2024.
Who to call at ISPTech, and when
A new round usually means ISPTech is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day ISPTech raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at ISPTech, from your own LinkedIn network
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Related People
ISPTech raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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