#WASHINGTON — A #Spanish company developing green propulsion systems for spacecraft has raised $3 million in seed funding.
Arkadia #Space announced Oct. 25 it closed what it described as an oversubscribed seed round of funding. The round was led by Draper B1, a Spanish venture capital firm that is part of the U.S.-led Draper Venture Network. Expansion Ventures, a European venture fund focused on space and air mobility startups, also participated in the round.
In addition, several angel investors are backing Arkadia Space, among them Pedro Duque, the former Spanish astronaut and science minister, and Antoine de Chassy, founder of Loft Orbital. Both will be advisers to the company. #spacenews

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