Accion Systems Obtains $1,880,417 New Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a855888e-ebf7-41dc-8581-0ce6edecc48c
Date
6/30/2016
Company Name
Accion Systems
Mailing Address
56 Roland St. Boston, MA 02129 USA
Company Description
Accion Systems is printing propulsion systems for satellites based on proprietary technology developed at MIT. Our systems address an industry-wide issue: there are no suitable in-space propulsion options for small satellites, and systems designed for large satellites are cost prohibitive.
Website
http://www.accion-systems.com
Transaction Type
Venture Equity
Transaction Amount
$1,880,417
Transaction Round
Undisclosed
Proceeds Purposes
Proceeds purposes were not disclosed. 15 investors participated in the offering. The amount may include options, warrants or other securities. Contact technology company for investment details, if applicable. Not an offer or solicitation for the sale of securities or debt. SEC regulatory filing.
M&A Terms
Venture Investor
Undisclosed