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AlleyCorp led a $17.5m round in Portal Space Systems.

Synopsis

AlleyCorp, an early-stage venture fund, led a $17.5m round in Portal Space Systems, a provider of rapid response orbital logistics services for the solar system, with participation from Mach33, FUSE, First In, TFX, Offline Ventures, and Atypical. "This funding is a testament to the increasing recognition that maneuverability at will is the critical need in both defense and commercial space operations. With the support of our investors, we are moving from development to flight, bringing this capability to missions that need it most," Jeff Thornburg, Portal Space Systems CEO.

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MergerLinks - AlleyCorp led a $17.5m round in Portal Space Systems.