Gravitics, a Seattle, WA-based aerospace component manufacturing company, raised $20M in Seed funding.
The round was led by Type One Ventures, with participation from Tim Draper from Draper Associates, FJ Labs, The Venture Collective, Helios Capital, Giant Step Capital, Gaingels, Spectre, Manhattan West, and Mana Ventures. Tarek Waked of Type One Ventures, has joined the Gravitics Board of Directors.
The company intends to use the funds to expand operation, as well as its development efforts.
Founded in 2021 and led by CEO Colin Doughan, Gravitics is an aerospace company that designs and manufactures large, next-generation space station modules. Gravitics is developing the StarMax™, a flexible-use space station module, which provides up to 400 cubic meters of usable habitable volume – nearly half the volume of the International Space Station in one module. StarMax’s family of modules is compatible to launch on any of the next-generation launch vehicles, including SpaceX’s Starship, ULA’s Vulcan, and Blue Origin’s New Glenn.
To support development and early production, Gravitics opened a new 42,000 square foot facility in 2022 north of Seattle. The company has already begun assembly of their first StarMax prototype and is preparing to conduct module pressure tests in early 2023 with plans for an upcoming orbital test mission to be announced soon. Gravitics is taking StarMax pre-orders now for delivery in 2026.
FinSMEs
18/11/2022