Rocket maker Ursa Major Technologies raises $15M

BERTHOUD — Ursa Major Technologies Inc., a maker of rockets and propulsion for small satellites, has raised just more than $15 million in its latest round of funding.

In filings to the U.S. Securities and Exchange Commission, the Berthoud company disclosed that it raised the funds from nine investors in a round that closed Tuesday. Just more than $4 million of those proceeds are from stock issued by a convertible option.

Ursa Major develops rocket engines for commercial microsatellites and nanosatellites weighing 100 kilograms or less. The company has previously raised just more than $33.33 million in prior rounds, according to SEC records.

The company did not respond to a request for comment Wednesday.

© 2021 BizWest Media LLC

BERTHOUD — Ursa Major Technologies Inc., a maker of rockets and propulsion for small satellites, has raised just more than $15 million in its latest round of funding.

In filings to the U.S. Securities and Exchange Commission, the Berthoud company disclosed that it raised the funds from nine investors in a round that closed Tuesday. Just more than $4 million of those proceeds are from stock issued by a convertible option.

Ursa Major develops rocket engines for commercial microsatellites and nanosatellites weighing 100 kilograms or less. The company has previously raised just more than $33.33 million in prior rounds, according to SEC records.

The company did not respond to a request for comment Wednesday.

© 2021 BizWest Media LLC