COMPANY INFO
Agile Space Industries, founded in 2009 by Daudi Barnes, is an aerospace and defense company headquartered in Durango, Colorado. With around 76 employees, the company designs, tests, and manufactures in-space chemical propulsion systems for satellites and spacecraft using advanced 3D metal alloy printing techniques. Their vertically integrated process enables rapid development and high-performance thrusters that support commercial, civil, and defense space missions. Website: https://agilespaceindustries.com
Agile Space Industries is an aerospace and defense company founded in 2009 by Daudi Barnes. Headquartered in Durango, Colorado, Agile Space Industries specializes in designing, testing, and manufacturing in-space chemical propulsion systems for satellites and spacecraft. Leveraging advanced 3D metal alloy printing technology, the company offers rapid development and high-performance thrusters to support commercial, civil, and defense missions. With a team of around 76 employees, Agile Space Industries operates a vertically integrated process, delivering cutting-edge propulsion solutions from its primary HQ in Colorado and an additional manufacturing center in Pennsylvania.
Agile Space Industries funding history reflects a focused strategy on scaling operations and accelerating product innovation. The company has raised a total of $20 million over five distinct funding rounds, demonstrating successful engagement with notable aerospace investors and venture capital funds. Major funding milestones include high-profile seed rounds, strategic venture capital investments, and a later stage VC round that supported infrastructure and workforce expansion. Agile Space Industries’ funding rounds have enabled the company to deliver on its commercial backlog, ramp up manufacturing capabilities, and position itself for leadership in space propulsion markets.
This fully subscribed round was aimed at supporting Agile Space Industries’ accelerating growth. The funds were dedicated to expanding and accelerating development of the Mobile Payload Processing Center, boosting hiring, and infrastructure expansion to meet growing commercial demand. The round also aimed to help the company qualify for potential matching funds from the Air Force Work Project (AFWERX).
This significant seed round was used to expand production and development capacities for Agile Space Industries’ propulsion systems. The investment specifically targeted the expansion of metal additive manufacturing, chemical propulsion testing infrastructure, and rapid acceleration of product development activities.
This early seed round, led by Lockheed Martin Ventures, provided crucial capital for Agile Space Industries’ initial product development and operational buildout during its formative growth phase.
The company secured venture debt funding to support ongoing operations and business growth.
As an early-stage participant in accelerator/incubator programs, Agile Space Industries received funding to help drive initial company development and scale early operations.
Caruso Ventures is a prominent venture capital firm known for supporting innovative technology startups. As a lead investor in Agile Space Industries' $13 million seed round, Caruso Ventures played a critical role in funding the company’s expansion of production and R&D infrastructure.
Lockheed Martin Ventures is the strategic investment arm of Lockheed Martin Corporation, focusing on cutting-edge aerospace technologies. The venture arm has been a lead investor in multiple Agile Space Industries funding rounds, supporting both early- and later-stage investment as well as growth initiatives.
Veteran Ventures Capital invests in veteran-owned and -led businesses that focus on national security and defense. Their participation in Agile Space Industries investors roster supports the company’s trajectory in defense-related propulsion solutions.
Greenline Ventures provided venture debt funding to Agile Space Industries in 2021, offering financial support for ongoing operations during a period of scaling and growth.
BOKA Group Holdings has contributed as an investor, backing Agile Space Industries in its mission to advance aerospace propulsion technology.
Community Access Fund has also participated as an investor, supporting Agile Space Industries’ innovation and operational expansion.
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