Led · Series D · Jul 2026

Quantum Systems develops an interoperable family of unmanned platforms across air, land, and sea domains unified by its MOSAIC UXS tactical software command ecosystem. The company operates as a deep-tech defense prime and has deepened strategic industrial collaboration with Airbus Defence and Space. It reports having achieved double-digit profitability alongside triple-digit revenue growth and has expanded its global corporate production footprint across Germany, Ukraine, the United States, Australia, Romania, the United Kingdom, and the Baltics. Led by co-CEOs Florian Seibel and Sven Kruck, the company is investing in scaling physical manufacturing and software R&D. The Series D financing will support expansion of manufacturing capacity, bolster supply chain resilience, and accelerate its software roadmap.

Participated · Series A · Feb 2026

HAMR Energy focuses on developing projects that convert forestry resources into fuels. The company announced it secured ARENA funding to advance those forestry-to-fuels projects. The funding is intended to support project development activities, though the announcement did not specify operational metrics or revenue figures. HAMR publicly disclosed the financing on July 27, 2026. The article did not provide founding year, location, or prior funding details. Future plans described in the release center on progressing the announced forestry-to-fuels initiatives with ARENA support.

Led · Series C · Nov 2023

ZeroAvia is an Everett-based sustainable aviation startup building hydrogen-electric airplane engines designed to eliminate carbon emissions from regional flight. The company’s core product replaces conventional jet fuel propulsion with hydrogen fuel cell powertrains. Its engineering roadmap focuses on certifying these engines for commercial use in small regional aircraft. ZeroAvia continues to refine its technology through ground and flight testing programs. The startup recently secured additional capital to support these efforts. Management stated that the new funds will extend the firm’s operating runway for roughly two years, underscoring the importance of continued investment as it advances toward commercialization.

Participated · Series B · Mar 2018

Fly Blade operates a digitally enabled short-distance aviation network, coordinating flights across helicopters, amphibious seaplanes, turboprops and jets sourced from third-party operators. The company services 22 core routes in seven states, including the New York City area, Eastern Long Island, the New Jersey Coast, Connecticut, the Cape, Los Angeles, Palm Springs and Orange County. It is in its third year of offering seasonal scheduled BLADEone jet service between New York and Miami using a 16-person retrofitted jet harmonized with helicopter flights to enable Manhattan departures and arrivals. Fly Blade does not own or operate aircraft; its fleet is provided by 29 operators across the U.S. The company plans to use the new financing to expand schedule depth on core routes, accelerate rollout of new markets and strengthen the BLADE brand. Concurrent partnerships with Airbus Helicopters include customer and operator technology solutions, co-branding of Airbus Ride in Dallas and joint exploration of an intra-city helicopter service for an international market. Flyblade is a NYC-based digitally powered short-distance aviation company that lets customers privately charter helicopters, seaplanes, or jets via an iPhone or Android app. The service is active on routes connecting Nantucket, Manhattan, Westchester, Boston, Hyannis and other Cape destinations including Cape May, Spring Lake, Long Beach Island, Ocean City, and Margate. Flyblade also operates passenger lounges in New York City, Miami, and Massachusetts. Led by CEO Rob Wiesenthal and Steve Martocci, the company leverages a technology platform to facilitate on-demand short-haul private flights. It recently expanded service to Nantucket, Boston and Hyannis and intends to use new funds to continue expanding operations. Financial details of the Series A were not disclosed in the article.

Participated · Equity · Dec 2016

OneWeb is implementing a constellation of Low Earth Orbit satellites alongside a network of global gateway stations and a range of user terminals to provide high-bandwidth, low-latency communications. Its planned fleet of 648 satellites, intended to deliver global coverage in 2022, is fully funded. To date the company has launched 254 satellites, with another launch planned in August from Baikonur, Kazakhstan. Financially, Hanwha Systems agreed to make a $300m equity investment for an 8.8% share, bringing total equity investment since November 2020 to $2.7bn with no debt issuance. The investment is expected to complete in the first half of 2022, subject to regulatory approvals, and OneWeb will appoint a board director to represent Hanwha on completion. Hanwha brings defence capabilities, the latest antenna technologies, relationships to new government customers, and expanded geographical reach. OneWeb is deploying a 648-satellite Low Earth Orbit constellation to provide low-latency, high-bandwidth connectivity. The first-generation constellation is expected to deliver significant regional coverage by the end of 2021 and global coverage the following year, leveraging ITU-backed priority spectrum rights. It plans to deliver 1.1 Tbps of capacity addressing government, fixed-data and mobility markets and intends a partnership-based, profitable wholesale business model. OneWeb also plans a second-generation constellation to improve capacity, flexibility and economics. The company anticipates annual revenues of circa $1 billion within three to five years after full deployment of the constellation. OneWeb is described as almost fully funded following recent investment activity and is advancing to secure remaining funding needs. OneWeb develops a LEO satellite constellation and complementary ground infrastructure (global gateway stations and user terminals) to provide fast, low-latency broadband. The company has launched 36 satellites in December, bringing the total in orbit to 110, with more than 500 of the first-generation 648 satellites still to launch. OneWeb has streamlined its constellation and reduced its FCC market-access request from 47,884 to 6,372 satellites. Hughes is building the ground network that will work with OneWeb’s satellites. The company emerged from Chapter 11 after rescue financing from the U.K. government and Bharti and says it is focused on completing its first-generation fleet and commercialisation. Recent funding activity and strategic partners are intended to help OneWeb capitalise on demand driven by 5G, IoT and broader connectivity needs. OneWeb develops and plans to operate a large low-Earth-orbit satellite constellation to provide global internet connectivity. The company successfully launched and deployed its first six satellites and intends an initial fleet of about 650 satellites, with several hundred more planned later. OneWeb is moving to mass manufacture and finishing a dedicated satellite production facility being built with partner Airbus. Each satellite currently costs roughly $1 million, and the company says the new funds will accelerate manufacturing and deployment. Management expects to demo connections next year with a launch cadence of about 30 satellites per monthly launch and to offer limited commercial service in 2021; it has already signed its first customer, Talia (serving Africa and the Middle East). The company also cites progress toward fully securing its ITU priority spectrum position as it shifts from planning to deployment. OneWeb is developing a constellation of low‑orbit satellites to beam affordable internet worldwide, aiming to improve coverage and connect areas that are currently offline. The company plans an initial 10 test satellites in early 2018, followed by an initial fleet of 72 low‑orbit satellites six months later, with service potentially operational as soon as 2019. OneWeb intends its network to support schools (targeting universal school connectivity by 2022) and to enable emerging technologies like IoT and connected cars. The firm announced a major funding round to support rapid scaling, including construction of a high‑volume satellite production facility in Florida scheduled for completion in 2018. That facility is planned to churn out 15 satellites per week at a fraction of current manufacturing cost and to create roughly 3,000 jobs over four years. OneWeb also set a broader goal to fully bridge the digital divide by 2027.