Orbion Space Technology: Raises $20M in Series B Funding

Orbion Space Technology Raises $20M in Series B Funding

• Orbion Space Technology, a Houghton, MI-based developer of smallsat electric propulsion solutions, raised $20M in Series B funding
• The round was led by Inventus Capital Partners, with participation from Material Impact, Beringea, and Wakestream Ventures
• The company intends to use the funds to continue to expand operations and its business reach
• The company develops propulsion systems that allow small satellites to achieve more in space environments
• Orbion designs and develops these systems and innovates novel techniques and processes for mass-manufacture to meet the demand of new space customers
• Recent notable contracts include the Department of Defense and Blue Canyon