SAN FRANCISCO — Agile Space Industries raised $13 million to expand production and development of propulsion systems.
The seed funding round, announced June 23, was led by Caruso Ventures. Participants included Lockheed Martin Ventures, Greater Colorado Venture Fund, CORI Innovation Fund and Greenline Ventures. Durango, Colorado-based Agile has raised more than $18 million to date.
The investment by Lockheed Martin Ventures, made after Agile worked with Lockheed Martin on a number of projects, helps bolster Agile’s credibility, Agile CEO Chris Pearson told SpaceNews by email.