Pangea Aerospace raises €23 million in series A round

Barcelona, March 18, 2025

Pangea Aerospace, a startup specializing in the development of propulsion systems for the aerospace industry, has secured a €23 million Series A investment led by Hyperion Fund, which focuses on aerospace, cybersecurity, AI, and defense technologies. The round was backed by existing investors, including Primo Capital through its Primo Space Fund and CDTI Innvierte. Additionally, French investor and former Ariane Group CEO André-Hubert Roussel has joined the round.

Founded in 2018, Pangea Aerospace is based in Barcelona and Toulouse, specializing in the development of advanced propulsion technologies for the space industry. Its innovative propulsion systems enable more efficient and reusable rockets using sustainable propellants, while also offering cost-efficient and sustainable solutions for in-space mobility, significantly reducing costs for launchers, satellites, and orbital transfer vehicles.

With this funding, Pangea will accelerate its expansion in the European market, aiming to grow its private and institutional customer base. The company was selected several months ago by the European Space Agency (ESA) to define the very high-thrust rocket engine for future European reusable launchers and is also participating in various projects related to the development and integration of its ARCOS engine and the reuse of upper stages using aerospike technology. In addition, Pangea is collaborating with ESA and a consortium of companies to design, manufacture, and validate key technologies for the next generation of large European rocket engines—two strategic contracts that reinforce Pangea’s position as a leading European propulsion provider.

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