Firehawk Aerospace, a fast-growing rocket propulsion startup, raised US$ 2 million in its seed funding round for Next-Generation Rocket Engines, on 24 November 2020.
The funding round was led by members of the Victorum Capital Club including additional investments from Achieve Capital and Harlow Capital Management.
The funds raised will be utilized to test Firehawk’s engine at an operational scale, grow its partnerships with leading government and commercial entities around the world. It is looking forward to expanding its research and manufacturing facilities to Texas and Oklahoma.
About Firehawk Aerospace
Founded in 2019, Firehawk Aerospace engineers and manufactures safe, reliable and cost-effective high-performance rocket engines. It is providing customizable propulsion systems to make the future of space transportation safer and more accessible.
“Firehawk Aerospace has achieved a new level of performance for hybrid rocket engines through our patented 3D-printed rocket fuel. Firehawk Aerospace will provide a safe, reliable, and affordable rocket engine to power the next-generation of satellite launchers, guided reconnaissance systems, lunar transport systems, and manned space systems,” said Will Edwards, Co-Founder and CEO of Firehawk.
The company develops and manufactures high-performance hybrid rocket engines. Its patented 3D-Ultra rocket technology delivers a stable, cost-effective hybrid rocket fuel that employs additive manufacturing to overcome the hurdles and limitations of previous hybrid fuel engine designs.
Firehawk Aerospace was also selected in the Startup Battlefield, the world’s renowned startup competition at TechCrunch Disrupt 2020. The Company was selected as one of five finalists by a panel of judges including multiple venture capital and tech leaders.
What Investors have to say
“Firehawk Aerospace has developed a major advancement in rocket propulsion technology – providing a safer and more cost-effective solution than other high-performance rocket systems in use today,” said James Roller, Managing Partner of Victorum Capital. “We are excited to partner with Firehawk as they scale their technology and reshape the aerospace industry.”
About Victorum Capital
Victorum Capital is a regional network of investors and corporate partners. It is focused on identifying, funding and empowering the most promising entrepreneurs. James Roller, the Managing Partner of Victorum Capital oversees the day-to-day operations of the club. Previously, James had helped raise a corporate venture capital fund of US$ 32 million focused on energy technologies at Baker Hughes. Prior to raising the fund, James was the Senior Manager of Ventures & Growth for Baker Hughes. He was responsible for commercial product development, business creation and economic analysis efforts for BHGE Energy Innovation Center.
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