Money meets dreams.
We are proud to announce that we raised $500k seed round financing for manufacturing and hot tests of the Pythom rocket engine and propulsion system.
The round was led by Space Cowboys, a coalition of Nordic investors.
"The Asterex rocket engine and unique high-pressure propulsion system are far along the design cycle," commented Tom Sjogren, Pythomspace CTO. "We expect to finish our CDR (critical design review) and initiate a test program in California before summer."
"This is a great validation of the Pythom business model," said Tina Sjogren, Pythomspace CEO. "It provides cash flow supporting technical development in the next 12-18 months."
"Our great team of investors is further taking an active role to prepare for an A-round late 2020, in support of the Pythom Eiger launch vehicle."
Pythomspace is based in Sierra Nevada, California.