Benchmark Space Systems
Benchmark Space Systems makes small satellites better by doubling their operational lifespan, avoiding space junk, and de-orbiting safely.
| Date | Investors | Amount | Round |
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| - | investor investor investor investor investor investor investor investor investor | €0.0 | round |
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| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
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* | N/A | $6.8m | Early VC |
| Total Funding | 000k | ||
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Benchmark Space Systems was founded by Matthew Shea, with Ryan McDevitt serving as the CEO. The company has carved a niche in the aerospace industry by focusing on propulsion systems that enhance the maneuverability and lifespan of satellites. Their innovative approach addresses a critical need in the rapidly growing space sector.
In July 2023, Benchmark Space Systems made headlines by raising $33 million in a Series B funding round. This significant financial boost was aimed at expanding their capabilities and shifting focus from propulsion systems to broader space mobility solutions. The funding round was led by prominent investors, underscoring the confidence in Benchmark's vision and technological prowess.
Benchmark's journey reflects a commitment to innovation and adaptation in a competitive industry. By continuously refining their technology and expanding their market reach, they have positioned themselves as a key player in the future of space exploration. Their story is a testament to the impact of strategic funding and visionary leadership in driving technological advancements.