Veteran Ventures Capital (VVC), a VC firm focused on investing in dual-use national security technology businesses led by veteran entrepreneurs and leaders, announced a strategic investment in Agile Space Industries, a leading innovator of in-space chemical propulsion technologies. And Agile specializes in developing advanced chemical propulsion systems, including thrusters and rocket engines for satellites and spacecraft, which are designed, 3D printed, and tested all under one roof.
This approach is rapidly transforming the in-space propulsion market. This investment also marks the first capital deployment from Veteran Ventures Capital’s 2nd Fund. It aligns with VVC’s ongoing commitment to revolutionizing space propulsion, following its successful Fund I investment in Phase Four, a provider of electric and multi-mode propulsion systems for satellites.
Agile Space Industries’ advanced chemical propulsion technologies offer rapid-response capabilities and high thrust efficiency, both of which are critical for various space missions, including maneuvering, orbit raising, and deep-space exploration. And the global space propulsion market is projected to grow at a compound annual growth rate (CAGR) of over 30% through 2030, driven by increasing demand for both chemical and electric propulsion systems across commercial and national security sectors.
VVC’s investment in Agile expands its strategic portfolio in space propulsion. Complementing Phase Four’s electric and multi-mode systems, Agile provides a comprehensive range of propulsion solutions for diverse and evolving satellite constellation requirements.
This investment will enable Agile Space Industries to accelerate its product development, increase production capacity, and continue advancing its innovative propulsion technology. Agile’s solutions enhance the operational flexibility and performance of spacecraft, positioning the company as a key player in the expanding space industry.
Veteran Ventures Capital’s investment in Agile Space Industries showcases its commitment to fostering innovation in dual-use technologies that serve both commercial and national security interests. And by investing in veteran-led companies like Agile, VVC continues to advance its strategy of backing transformative technologies that contribute to U.S. technological leadership and the security of our nation.
KEY QUOTES:
“Agile Space Industries exemplifies the innovative spirit and advanced technical capability that Veteran Ventures Capital seeks in its portfolio companies. By investing in Agile, we are broadening our propulsion capabilities beyond Phase Four’s electric systems to include high-performance chemical propulsion. Agile’s unique approach of integrating design, 3D printing, and testing under one roof significantly accelerates their development cycles, making them a formidable player in the rapidly growing space propulsion market. We are excited to support Agile as they scale their operations and redefine in-space propulsion.”
-Derren Burrell, Founder and Managing Partner of Veteran Ventures Capital
“We are excited to partner with Veteran Ventures Capital, whose investment philosophy aligns closely with our mission to deliver reliable, high-performance chemical propulsion solutions for space missions. With VVC’s support, Agile will scale our operations, diversify our customer base, and meet the critical demand for propulsion systems in the rapidly growing space industry.”
-Chris Pearson, CEO of Agile Space Industries
