Today we are excited to announce the details of our seed funding. Momentus provides in-space transportation services for satellites between various orbits out to deep space. Our mission is to provide the most efficient in-space transportation services powered by deep space resource utilization, and the individuals and organizations outlined below will help us achieve our goal.

We would like to especially thank Prime Movers Lab, who led the $8.3M round, with participation from Liquid 2 Ventures, One Way Ventures, Mountain Nazca, Y Combinator, and numerous others.

Dakin Sloss, Founder and General Partner at Prime Movers Lab (which invests in physics-powered startups) had this to say:

“Momentus has not only developed groundbreaking and efficient water-powered, in-space rockets, but also validated the massive market demand for their services with hundreds of millions of dollars in LOIs. We are thrilled to back this extraordinary team of seasoned entrepreneurs and space industry veterans in their impressive pace of introducing novel technology to space — which we expect will continue with the upcoming in-space demonstration in the first half of 2019.”

The funds will immediately be applied towards an in-orbit technology demonstration of our in-space rocket scheduled to launch in the 1st quarter of 2019. We are excited and honored to be backed by such distinguished company.