Veteran Ventures Capital invests in Agile Space Industries

Veteran Ventures Capital invests in Agile Space Industries
by Clarence Oxford
Los Angeles CA (SPX) Sep 27, 2024
Veteran Ventures Capital (VVC), a firm focused on investing in dual-use national security technology companies led by veterans, announced a strategic investment in Agile Space Industries. Agile specializes in developing advanced chemical propulsion systems for satellites and spacecraft, including thrusters and rocket engines, which are designed, 3D printed, and tested in-house. This investment is the first from Veteran Ventures Capital's 2nd Fund and complements their prior investment in Phase Four, a company focused on electric and multi-mode propulsion systems.

Agile's propulsion technologies offer fast response times and high thrust efficiency, which are essential for missions like maneuvering, orbit adjustments, and deep-space exploration. As the space propulsion market is expected to grow at a compound annual growth rate (CAGR) exceeding 30% by 2030, VVC's investment in Agile strengthens its portfolio, complementing Phase Four's electric solutions to address the growing demand for both chemical and electric propulsion systems in commercial and national security sectors.

"Agile Space Industries exemplifies the innovative spirit and advanced technical capability that Veteran Ventures Capital seeks in its portfolio companies," said Derren Burrell, Founder and Managing Partner of Veteran Ventures Capital.

"By investing in Agile, we are broadening our propulsion capabilities beyond Phase Four's electric systems to include high-performance chemical propulsion. Agile's unique approach of integrating design, 3D printing, and testing under one roof significantly accelerates their development cycles, making them a formidable player in the rapidly growing space propulsion market. We are excited to support Agile as they scale their operations and redefine in-space propulsion."

The investment will help Agile accelerate product development, expand production, and continue to innovate in space propulsion technology. Agile's solutions improve spacecraft operational flexibility, making them a key player in the space industry.

"We are excited to partner with Veteran Ventures Capital, whose investment philosophy aligns closely with our mission to deliver reliable, high-performance chemical propulsion solutions for space missions," said Chris Pearson, CEO of Agile Space Industries. "With VVC's support, Agile will scale our operations, diversify our customer base, and meet the critical demand for propulsion systems in the rapidly growing space industry."

VVC's investment in Agile demonstrates its commitment to supporting dual-use technologies that benefit both commercial and national security interests, especially those led by veterans, furthering its strategy to back transformative technologies that enhance U.S. leadership and security.