Tracker Capital Management has led a $42m series C round for Accion Systems, acquiring a majority stake in the MIT-linked company in the process.
Accion Systems, a US-based developer of in-space propulsion systems based on research at Massachusetts Institute of Technology, has raised $42m in a series C round led by an affiliate of VC firm Tracker Capital Management.
Tracker Capital acquired a majority stake in Accion Systems as part of the transaction.
Founded in 2014, Accion Systems is developing propulsion systems that rely on ion electrospray thrusters, making it possible to deploy electric propulsion to satellites of any size.
The…
