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Phantom Space Corp. closed a bridge round to fund the development and manufacturing of satellites and launch vehicles.

Mar 11, 2024almost 2 years ago
TucsonAerospaceManufacturingSatellite CommunicationHardware

Investors

Kolh CapitalReaser Family OfficeBalerion Space Ventures

Description

Phantom Space Corp. closed a bridge round to fund the Tucson, Arizona-based startup’s development and manufacturing of satellites and launch vehicles. The company has raised about $37 million to date and plans to establish the Phantom Cloud small satellite constellation.

Company Information

Company

Phantom Space

Location

Tucson, Arizona, United States

About

Phantom Space Corp. is a Tucson, Arizona-based startup specializing in the development and manufacturing of satellites and launch vehicles. They are also working on establishing the Phantom Cloud small satellite constellation to provide satellite data backhaul services, on-orbit cloud storage and edge computing.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers