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Wave Engine Corporation Raises $3.5 Million In Latest Financing Round

PRIVATENov 18, 2022

Amount Raised

$3.5 Million

Round Type

Seed

BaltimoreManufacturingAerospace

Investors

Asymmetry VenturesThe Maryland Momentum FundGula Tech Adventures

Description

North American Wave Engine Corporation ("Wave Engine Corp."), a leading innovator in the development of next-gen high-performance propulsion systems and aerial vehicles, today announced it has raised $3.5 Million in a second seed round of investment led by Gula Tech Adventures. Other participating investors include Kevin Mahaffey, the Abell Foundation, the Maryland Momentum Fund, and Asymmetry Ventures. The company also announced its new 7,500 sq. ft

Who else raised in Aerospace and Manufacturing around the same time

Companies in the same sectors as North American Wave Engine Corp that raised within 45 days of this round, from Fundz verified event records.

  • Rocket Lab Corporation raised $21M (Funding Round) on December 13, 2022.
  • Quantum Space raised an undisclosed amount (Funding Round) on December 13, 2022.
  • Phantom Space Corporation raised $22M (Seed) on December 7, 2022.
  • Loft Dynamics raised $20M (Funding Round) on December 5, 2022.
  • Lilium GmbH raised $119M (Funding Round) on November 23, 2022.
  • Terran Orbital raised $100M on October 31, 2022.

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Company Information

Company

North American Wave Engine Corp

Location

1800 SOUTH CLINTON STREET

Baltimore, Maryland, United States

About

Based in Baltimore, Wave Engine Corp. is a focused group of scientists, engineers and former Fortune 500 executives leveraging technological developments in propulsion, acoustics, and combustion control to develop next generation aircraft and propulsion systems. Wave Engine Corp.’s technology enables significant reduction in the cost and complexity of jet propulsion, making it practical for a wide variety of aviation platforms for which jet propulsion was previously cost-prohibitive. Learn more at http://wave-engine.com.

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North American Wave Engine Corp 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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