Phase Four, a Los Angeles, CA-based in-space propulsion design and manufacturing company, held the first closing of its Series C funding.
The round, whose amount was not disclosed, was led by Artemis Group Capital.
The company, which plans to close its Series C round by the end of Q1 2025, intends to use the funds to expand its manufacturing, accelerate R&D efforts, and further enhance its strategic partnerships with key players in the space economy.
Led by CEO Dr. Steve Kiser, Phase Four is a provider of new in-space electric propulsion solutions including hardware, software and services, teaming with a variety of constellation operators and satellite bus manufacturers to optimize mission effectiveness and control costs through creative exploration of propulsion solutions.
Phase Four is partnered with Redwire Space (RDW: NYSE) on the Valkyrie propulsion system.
FinSMEs
10/01/2025