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Specter Aerospace Receives $9.5 Million In Funding From The Department Of Defense (Dod) And Investment Firms, Cs Ventures And Mandala Ventures

PRIVATEJun 13, 2023

Amount Raised

$9.5 Million

Round Type

Venture

CambridgeOil And Gas

Investors

Mandala VenturesCs VenturesDo D

Description

Specter Aerospace, a Boston area defense contractor, specializing in the field of plasma-assisted combustion and hypersonic propulsion, announced that it had secured over $9.5 million in previously undisclosed venture and government funding today. The funding comes from various defense contracts awarded by the DoD and equity investments from CS Ventures and Mandala Ventures.

Quick answer

Specter Aerospace raised $9.5 Million in a funding round, dated June 13, 2023. Investors: Mandala Ventures, Cs Ventures and Do D. Specter Aerospace is based in Cambridge, Maryland, United States.

How much did Specter Aerospace raise?
Specter Aerospace raised $9.5 Million in a funding round on June 13, 2023.
Who invested in Specter Aerospace?
Mandala Ventures, Cs Ventures and Do D are named as investors in this round.
What does Specter Aerospace do?
Founded in 2013, Specter Aerospace, formally FGC Plasma Solutions, develops advanced propulsion technologies with the aim to connect and protect at hypersonic speeds while also saving fuel across commercial applications.
Where is Specter Aerospace based and how big is it?
Specter Aerospace is based in Cambridge, Maryland, United States.
Who are the decision-makers at Specter Aerospace?
Fundz holds 1 contact at Specter Aerospace. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Oil And Gas around the same time

Companies in the same sectors as Specter Aerospace that raised within 45 days of this round, from Fundz verified event records.

  • Highwood Asset Management Ltd raised $14M on July 27, 2023.
  • Spearpoint Resources Co raised $97K (Pre-Seed) on July 27, 2023.
  • Royale Energy raised $100K (Seed) on July 27, 2023.
  • Dynamic Renewables raised an undisclosed amount (Corporate Round) on July 26, 2023.
  • Reconnaissance Energy Africa raised $668K (Seed) on July 18, 2023.
  • Texakoma Resources raised $456K on July 17, 2023.

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A new round usually means Specter Aerospace is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Specter Aerospace

Location

Cambridge, Maryland, United States

About

Founded in 2013, Specter Aerospace, formally FGC Plasma Solutions, develops advanced propulsion technologies with the aim to connect and protect at hypersonic speeds while also saving fuel across commercial applications. Specter's patented Plasma-Assisted Combustion platform, developed with support from the Argonne National Laboratory, utilizes plasma injection to stabilize combustion in high-output hypersonic, jet and rocket engines offering reduced emissions and fuel consumption. The Boston-area firm is working with the Department of Defense and commercial clients to deploy the technology in early 2024.

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Specter Aerospace 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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