What is Pangea Aerospace?
Pangea Aerospace is an innovative European company founded in 2018, specializing in the development of aerospike rocket engines. Comprising a multicultural and multidisciplinary team of over 25 individuals from 10 nationalities, the company aims to be a leader in the New Space revolution. Their technical expertise spans propulsion, materials, and launch vehicle trajectory and control, complemented by strong management in finance and business development. A key milestone was the successful firing of the first aerospike engine using liquid methane and liquid oxygen in October 2021, a 20kN thrust engine, DemoP1, manufactured additively in just two pieces. Pangea Aerospace's vision is to capitalize on the opportunities presented by the privatization of the space industry, positioning itself as a frontrunner in innovation.
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 Hyperion Fund, Primo Ventures, and The CDTI
Key Investors in Pangea Aerospace
Hyperion Fund
Hyperion Fund, L.P. is an opportunistic private equity real estate investment firm that focuses on acquiring real estate assets at a discount to their replacement cost, emphasizing value creation and distressed opportunities. The firm is building a portfolio of lower risk assets with strong long-term cash flow and superior leveraged returns.
Primo Ventures
Primo Ventures is a company that operates in the Venture Capital & Private Equity industry. It employs 10to19 people and has 1Mto5M of revenue. The company is headquartered in Milano, Lombardy, Italy.
The CDTI
CDTI is the body from the General State Administration that supports knowledge-based innovation, advising and offering public aid for innovation through subsidies or partially reimbursable aids. CDTI also internationalizes the R&D and innovation business projects of Spanish companies and entities and manages Spanish participation in international R&D organizations.
What's next for Pangea Aerospace?
With this major enterprise-level funding, Pangea Aerospace is poised for significant scaling and technological advancement. The strategic investment will likely accelerate the development and commercialization of their aerospike engine technology, enabling them to capture a larger share of the burgeoning New Space market. Future endeavors may include expanding production capabilities, forging new partnerships, and further refining their engine designs for diverse launch applications. This backing signals strong confidence from investors in Pangea Aerospace's potential to disrupt traditional rocket propulsion systems and achieve ambitious growth objectives.
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