Key Takeaways
- • Fortastra, a Los Angeles-based developer of maneuverable, resilient spacecraft for on-orbit security and national defense, closed a $30 million Series A round.
- • First In led the round, with participation from Upfront Ventures, Space Capital, Rsquared, Side Door Ventures, ATX Ventures, and existing investors.
- • Proceeds will fund development and commissioning of Fortastra's on-orbit security platforms, expansion of its engineering and operations team, and continued work on core autonomy and manufacturing capabilities.
Summary
Fortastra, which develops maneuverable, resilient spacecraft for on-orbit security and national defense applications, announced the close of a $30 million Series A financing, according to a company announcement distributed by Massinvestor. The company is based in Los Angeles, California.
First In led the round. Upfront Ventures, Space Capital, Rsquared, Side Door Ventures, and ATX Ventures also participated, alongside other investors and Fortastra's existing shareholders. The announcement did not disclose the round's valuation or the full investor list.
According to the company, the capital will accelerate development and commissioning of its on-orbit security platforms. It will also support expansion of the engineering and operations team and continued development of the company's core autonomy and manufacturing capabilities. The announcement did not provide timelines, mission milestones, or customer details.
First In led the round. Upfront Ventures, Space Capital, Rsquared, Side Door Ventures, and ATX Ventures also participated, alongside other investors and Fortastra's existing shareholders. The announcement did not disclose the round's valuation or the full investor list.
According to the company, the capital will accelerate development and commissioning of its on-orbit security platforms. It will also support expansion of the engineering and operations team and continued development of the company's core autonomy and manufacturing capabilities. The announcement did not provide timelines, mission milestones, or customer details.
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