SmallSpark Space Systems, the award-winning rocket propulsion innovation company, has announced a £500,000 scale-up investment from Deepbridge Capital.
SmallSpark are aiming to redefine the UK space sector with their new generation of safer engines and propulsion systems, making cost-effective and environmentally friendly access to space readily available and lowering the barriers to space entry for UK groups seeking space access.
The Deepbridge Capital Technology Growth EIS funds latest capital raise will enable SmallSpark to continue their commercialisation journey and take advantage of the increasing demand for agile, low-cost, dedicated launches to space for low mass satellites.
Adrian Neilan, Investment Director - Technology, at Deepbridge Capital, commented:
“SmallSpark represents cutting edge innovation which has the potential to be at the heart of the global demand for cost-efficient technologies to enable the safe delivery of commercial launches. It is expected that the current generation of launch vehicle won’t be able to keep up with the impending boom of commercial launches, and we look forward to SmallSpark leading the way."
SmallSpark has previously secured grant funding from Research England as well as seed-stage funding from the Deepbridge Innovation SEIS fund.
Joseph Ward, CEO and Founder at SmallSpark Space Systems Limited, commented:
“We are delighted to have secured this latest funding round via Deepbridge. Being at the cutting-edge of space and propulsion technology requires significant capital but offers endless possibilities."
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