PANGEA AEOSPACE He has received an investment of 23 million euros in a series A Series A led by Hyperion Fund, whose main leaders are the former president of the Popular Party Pablo Casado and Ricardo Gómez-Acebo Botínnephew of the president of Banco Santander, Ana Botín. The former CEO of Ariane Group André-Hubert Roussel has also joined, and has been supported by its current investors, CDTI Innvierte and the Italian Fund Primo Space.
With this financing round, the Startup based in Barcelona and Tolouse (France) It will boost its growth in the European market, with the aim of continuing to expand its private client base and join the programs of the European Space Agency (ESA) and other space agencies.
As reported by the company itself, specialized in the development of advanced propulsion technologies for the space industry, the entrance of Hyperion Fund will allow it strengthen your manufacturing, integration and test capabilitiesadvancing in the development of strategic technologies. With more than eight million euros raised so far, the startup has eight active contracts in parallel, both with private sector clients and public institutions.
Pipeline of 120 million
The statement issued Tuesday indicates that the firm Wait for duplicating your turnover in 2025while the Pipeline of detected opportunities is around 120 million euros.
Currently, in addition to the contract to define the European high thrust engine, Pangea Aerospace works with ESA with a consortium of companies to design, manufacture and validate the technologies of the next generation of European large engines. The company is also in different projects for the development and integration of its Arcos engine and the reuse of higher stages using Aerospike technology. The firm assures that it will continue to invest and collaborate with the Generalitat de Cataluña to increase the capacities of the motor test center at the Lleida-Alguaire airport.
More than 220 companies analyzed
For its part, Hyperion Fund begins its investment phase after having lifted 150 million euros as the first specialized fund in Europe in Aerospace, cybersecurity, artificial intelligence (AI) and defense. After having analyzed 220 companies, it is in the process of negotiating with several companies from different NATO countries that lead several technological subvertuses in artificial, robotic, geolocation, photonic, electromagnetic or aeronautical intelligence.
Hyperion was launched from the Singular Asset Management fund manager and has Nortia Investment Holding as “anchor investor.” In the team of founding partners are also found Joaquín Ortiz, José Antonio Bartrina, Ricardo Gómez-Acebo and Daniel Lorrain. The newest partners are Juan Muñoz and Marina Quintero. In addition, it has an advisory committee of which the former NATO general secretary Rasmussen is part; The Undersecretary of State of the USA Paula Dobriansky, and the former defense minister of France Michele Aliot. Tamboén the former Saab Aero Roby Cio Murray or former Cybersecurity Chief of Aws Ilan Leiferman.
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