What is Pangea Aerospace?
Pangea Aerospace is an ambitious European startup founded in 2018 by six co-founders with expertise spanning propulsion, materials, launch vehicle trajectory, control, finance, and business development. The company is dedicated to making aerospike engines a reality, positioning itself as a leader in the revolution of the space sector driven by privatization. Pangea Aerospace's vision is to be at the forefront of this New Space ecosystem. A key milestone was achieved in October 2021 when the company successfully fired the first aerospike engine utilizing liquid methane and liquid oxygen propellants. This DemoP1 engine, with a thrust of 20kN, was additively manufactured in just two pieces, showcasing Pangea Aerospace's commitment to cutting-edge manufacturing techniques and innovative engine design.
How much funding has Pangea Aerospace raised?
Pangea Aerospace has raised a total of $25M across 1 funding round:
Series A
$25M
Series A (2025): $25M with participation from The CDTI, Primo Ventures, and Hyperion Fund
Key Investors in Pangea Aerospace
The CDTI
The CDTI is a Spanish government agency that supports knowledge-based innovation and offers public aid for R&D projects. They also manage Spanish participation in international R&D organizations and the science and space industries.
Primo Ventures
Primo Ventures operates within the Venture Capital & Private Equity sector, likely focusing on high-growth potential companies. Based in Italy, they are positioned to support European technological advancements.
Hyperion Fund
Hyperion Fund, L.P. is a private equity firm that specializes in opportunistic real estate investments, emphasizing value creation and distressed opportunities. Their involvement suggests a strategic financial backing rather than a sector-specific focus.
What's next for Pangea Aerospace?
With this major enterprise-level funding, Pangea Aerospace is poised for significant scaling and further development of its proprietary aerospike engine technology. The strategic investment signals confidence from backers in the company's ability to capture a substantial share of the New Space market. Future endeavors will likely focus on refining engine performance, expanding manufacturing capabilities, and securing launch partnerships to bring their innovative propulsion solutions to market. This capital infusion will be critical in advancing their roadmap towards commercialization and solidifying their position as a key player in next-generation spaceflight.
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