NanoRacks successfully completes bridge round, lead by Space Angels
(3 October 2017 - NanoRacks) NanoRacks has announced that it has successfully closed a Bridge Round, lead by Space Angels, the leading source for capital for early-stage space ventures.
Space Angels’ investment in NanoRacks will lead to the acceleration of NanoRacks Commercial Airlock Module manufacturing.
“We are very pleased to have Space Angels on board with NanoRacks, and specifically, the world’s first commercial Airlock in space,” says NanoRacks CEO Jeffrey Manber. “This investment will expedite our production, and it’s wonderful to have Space Angels invested in this landmark program to enable the future of commercial space.”
In May 2016 NanoRacks signed a Space Act Agreement with NASA in order to install a private airlock module on board the International Space Station – the first in station history. In February 2017, the Company announced that Boeing will partner on the Airlock, and will be fabricating and installing the Airlock’s Passive Common Berthing Mechanism (PCBM). Today, as manufacturing ramps up, Space Angels’ investment is key for maintaining the schedule and NanoRacks’ increased level of quality assurance.
“NanoRacks is unquestionably the world’s leading commercial provider of space station services and hardware,” said Chad Anderson, CEO of Space Angels. “NanoRacks has launched hundreds of payloads to the International Space Station, is currently building the first commercial airlock, and with Ixion the company plans to build and operate their own commercial space stations. We’re excited to partner with this incredibly experienced and passionate team that is doing so much to enable our future in space.”
About Space Angels
Space Angels is the world’s leading source of capital for early-stage space ventures. Founded in 2007, the Space Angels portfolio includes many of the most prominent entrepreneurial space companies in the sector. Through a robust and streamlined web platform, Space Angels provides unparalleled deal access and comprehensible intelligence to its accredited investor members, making it easy to discover, select, and invest in the best space startups.
NanoRacks is enabling space research and in-space services to customers world-wide from multiple platforms and launch vehicles. The company offers low-cost, high-quality solutions to the most pressing needs for satellite deployment, basic and educational research and both at home and in 30 nations world-wide for those new to the industry and aerospace veterans. Since 2009, Texas-based NanoRacks has truly created new markets, and ushered in a new era of in space-services.
In July 2015, NanoRacks signed a teaming agreement with Blue Origin to offer integration services on their New Shepard space vehicle. NanoRacks, along with partners at ULA and Space Systems Loral was also recently selected by NASA to participate in the NextSTEPs Phase II program to develop commercial habitation systems in low-Earth orbit and beyond.
As of August 2017, over 580 payloads have been launched to the International Space Station via NanoRacks services, and our customer base includes the European Space Agency (ESA) the German Space Agency (DLR,) the American space agency (NASA,) US Government Agencies, Planet Labs, Millennium Space Systems, Space Florida, NCESSE, Virgin Galactic, pharmaceutical drug companies, and organizations in Vietnam, UK, Romania and Israel.