Phase Four Series C First Closing
Phase Four, a leader in advanced in-space propulsion design, announced the first close of its Series C funding round, securing nearly 60% of the target raise. The round is led by Artemis Group Capital, headed by former NASA Administrator Jim Bridenstine.
The company is partnered with Redwire Space (RDW) on the Valkyrie propulsion system. With the new capital, Phase Four plans to increase production of its Valkyrie family of Hall Effect Thrusters to a minimum of 250 units annually, while advancing next-generation thruster technologies for Defense and National Security customers.
The funding round is expected to close by the end of Q1 2025, with proceeds directed towards expanding manufacturing, accelerating R&D efforts, and strengthening strategic partnerships in the space economy. This expansion addresses a critical supply-demand gap in the space industry, particularly in the growing market for small satellite constellations.
Phase Four, un leader nel design avanzato di propulsione nello spazio, ha annunciato la prima chiusura del suo round di finanziamento Series C, assicurandosi quasi il 60% dell'importo target da raccogliere. Il round è guidato da Artemis Group Capital, diretto dall'ex Amministratore della NASA Jim Bridenstine.
L'azienda collabora con Redwire Space (RDW) sul sistema di propulsione Valkyrie. Con il nuovo capitale, Phase Four prevede di aumentare la produzione della sua famiglia di Thruster a Effetto Hall Valkyrie a un minimo di 250 unità all'anno, mentre sviluppa tecnologie per thruster di nuova generazione per clienti della Difesa e Sicurezza Nazionale.
Si prevede che il round di finanziamento si chiuderà entro la fine del Q1 2025, con i proventi destinati ad espandere la produzione, accelerare gli sforzi di ricerca e sviluppo e rafforzare le partnership strategiche nell'economia spaziale. Questa espansione affronta una critica lacuna tra offerta e domanda nell'industria spaziale, in particolare nel crescente mercato delle costellazioni di piccoli satelliti.
Phase Four, un líder en diseño avanzado de propulsión en el espacio, anunció el primer cierre de su ronda de financiamiento Series C, asegurando casi el 60% de la meta de recaudación. La ronda está liderada por Artemis Group Capital, dirigido por el ex administrador de la NASA Jim Bridenstine.
La empresa se ha asociado con Redwire Space (RDW) en el sistema de propulsión Valkyrie. Con el nuevo capital, Phase Four planea aumentar la producción de su familia de Thrusters de Efecto Hall Valkyrie a un mínimo de 250 unidades anuales, mientras avanza en las tecnologías de propulsores de próxima generación para clientes de Defensa y Seguridad Nacional.
Se espera que la ronda de financiamiento cierre a finales del primer trimestre de 2025, con los ingresos dirigidos a expandir la fabricación, acelerar los esfuerzos de I+D y fortalecer asociaciones estratégicas en la economía espacial. Esta expansión aborda una crítica brecha de oferta y demanda en la industria espacial, particularmente en el creciente mercado de constelaciones de pequeños satélites.
Phase Four는 고급 우주 추진 설계의 선두주자로서, 시리즈 C 자금 조달 라운드의 첫 번째 마감을 발표하며 목표 금액의 거의 60%를 확보했습니다. 이번 라운드는 전 NASA 관리자인 Jim Bridenstine이 이끄는 Artemis Group Capital가 주도하고 있습니다.
회사는 Redwire Space (RDW)와 협력하여 Valkyrie 추진 시스템을 개발하고 있습니다. 새 자본을 통해 Phase Four는 Valkyrie 가족의 홀 효과 추진기 생산을 연간 최소 250대까지 늘리고, 국방 및 국가 안보 고객을 위한 차세대 추진기 기술을 발전시킬 계획입니다.
이번 자금 조달 라운드는 2025년 1분기 말에 마감될 것으로 예상되며, 수익은 제조 확장, 연구 개발 가속화, 우주 경제에서의 전략적 파트너십 강화를 위해 사용될 예정입니다. 이 확장은 특히 소형 위성 군집을 위한 성장 시장에서 우주 산업의 공급과 수요 간의 중요한 격차를 해소합니다.
Phase Four, un leader dans la conception avancée de propulsion spatiale, a annoncé le premier closing de sa levée de fonds Series C, sécurisant près de 60% de l'objectif de collecte. Le tour est dirigé par Artemis Group Capital, présidé par l'ancien Administrateur de la NASA Jim Bridenstine.
L'entreprise est partenaire de Redwire Space (RDW) sur le système de propulsion Valkyrie. Avec ce nouveau capital, Phase Four prévoit d'augmenter la production de sa famille de propulseurs à effet Hall Valkyrie à un minimum de 250 unités par an, tout en faisant progresser les technologies de propulseurs de nouvelle génération pour les clients de la Défense et de la Sécurité nationale.
La levée de fonds devrait se clôturer d'ici la fin du premier trimestre 2025, avec des fonds destinés à étendre la fabrication, accélérer les efforts de R&D et renforcer les partenariats stratégiques dans l'économie spatiale. Cette expansion répond à une lacune critique entre l'offre et la demande dans l'industrie spatiale, en particulier sur le marché en pleine croissance des constellations de petits satellites.
Phase Four, ein führendes Unternehmen im Bereich des fortschrittlichen Antriebsdesigns im Weltraum, hat den ersten Abschluss seiner Series C-Finanzierungsrunde bekannt gegeben und sich fast 60% des angestrebten Betrags gesichert. Die Runde wird von Artemis Group Capital geleitet, das von dem ehemaligen NASA-Administrator Jim Bridenstine geführt wird.
Das Unternehmen arbeitet mit Redwire Space (RDW) am Antriebssystem Valkyrie zusammen. Mit dem neuen Kapital plant Phase Four, die Produktion seiner Valkyrie-Familie von Hall-Effekt-Triebwerken auf mindestens 250 Einheiten pro Jahr zu steigern und gleichzeitig Antriebstechnologien der nächsten Generation für Verteidigungs- und nationale Sicherheitskunden voranzutreiben.
Die Finanzierungsrunde wird voraussichtlich bis Ende des ersten Quartals 2025 abgeschlossen sein, wobei die Erlöse zur Erweiterung der Herstellung, zur Beschleunigung der F&E-Aktivitäten und zur Stärkung strategischer Partnerschaften in der Raumfahrtwirtschaft verwendet werden. Diese Expansion adressiert eine kritische Angebots-Nachfrage-Lücke in der Raumfahrtindustrie, insbesondere im wachsenden Markt für kleine Satellitenkonstellationen.
- Secured 60% of Series C funding target with strong investor participation
- Partnership with Redwire Space (RDW) for Valkyrie propulsion system
- Planned production increase to minimum 250 Valkyrie thrusters annually
- Strong market position in growing space propulsion sector
- Remaining 40% of Series C funding still needs to be secured
- Significant capital expenditure required for manufacturing expansion
Insights
The Series C funding round's first closing represents a important development for both Phase Four and Redwire Space (RDW). The securing of 60% of the target raise, led by Artemis Group Capital, validates Phase Four's market position and strengthens its partnership with Redwire. The planned production scale-up to 250 Valkyrie thruster units annually addresses a significant market gap in space propulsion technology.
The strategic partnership between Phase Four and Redwire positions both companies to capitalize on the growing demand for satellite propulsion systems. For Redwire shareholders, this partnership provides exposure to the expanding small satellite market without the full R&D burden, while securing a domestic supply chain for critical components. The involvement of former NASA Administrator Jim Bridenstine adds credibility and potential government contract opportunities.
The timing is particularly advantageous given current geopolitical tensions affecting global supply chains. As space infrastructure becomes increasingly critical for national security and commercial applications, domestic manufacturing capabilities for essential components like Hall Effect Thrusters become strategically valuable assets.
The focus on Defense and National Security customers in Phase Four's strategy aligns perfectly with current geopolitical trends and defense procurement priorities. The development of next-generation thruster technologies specifically for this sector suggests potential high-value government contracts. For Redwire investors, this translates to reduced market risk through diversified revenue streams across both commercial and government sectors.
Artemis Group Capital's leadership of the funding round is particularly noteworthy. Bridenstine's deep connections within both government and commercial space sectors could accelerate contract acquisition and strategic partnerships. The emphasis on domestic manufacturing capability resonates strongly with current national security objectives, potentially positioning Redwire and Phase Four for preferential treatment in government procurement decisions.
"This funding is a pivotal milestone for Phase Four as we scale to meet surging global demand for in-space propulsion from the government and private sector," said Dr. Umair Siddiqui, Chief Technology Officer at Phase Four. "The supply chain simply isn't keeping up. With this capital, we're ramping up production of our Valkyrie family of Hall Effect Thrusters to a minimum of 250 units per year. Simultaneously, we're advancing next-generation thruster technologies tailored for Defense and National Security customers."
The growth of Phase Four's manufacturing capabilities addresses a critical supply-demand gap in the space industry. As the market for small satellite constellations and in-space maneuverability grows exponentially, Phase Four's propulsion capabilities position the company as a key supplier for commercial and government missions alike.
Phase Four is partnered with Redwire Space (RDW: NYSE) on the Valkyrie propulsion system, reflecting both companies' view that the market for such thrusters will continue to be robust for the foreseeable future. Combining Phase Four's technical prowess in the in-space propulsion market with Redwire's global command of the space system market creates a stable and reliable domestic supplier for a range of high-quality Hall Effect Thrusters.
"We're proud to scale another
The company plans to close its Series C round by the end of Q1 2025, with proceeds aimed at expanding manufacturing, accelerating R&D efforts, and deepening strategic partnerships with key players in the space economy.
About Phase Four
Phase Four is a disruptive provider of next generation in-space electric propulsion solutions. The company was founded in 2015 to address the demands of the rapid proliferation of satellite constellations and to accelerate the advancement of its radio-frequency thruster. Phase Four is now a full-spectrum in-space electric propulsion provider of hardware, software and services, teaming with a variety of constellation operators and satellite bus manufacturers to optimize mission effectiveness and control costs through creative exploration of propulsion solutions. Learn more at www.phasefour.io.
About Artemis Group Capital
Artemis Group Capital is an investment firm specializing in space and defense companies. Led by former NASA Administrator and
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SOURCE Phase Four, Inc.
FAQ
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