Fortastra Raises $30 Million In Series A Funding Led By First In For Spacecraft Development

Fortastra, a Torrance, Calif.-based developer of maneuverable spacecraft for on-orbit security and national defense, raised $30 million in Series A funding led by First In, with participation from Upfront Ventures, Space Capital, Rsquared, Side Door Ventures and ATX Ventures. The company, led by Founder and CEO Mike Smayda, will use the funding to accelerate spacecraft development, expand its engineering and operations teams, and advance its autonomy and manufacturing capabilities. FOUNDER: Mike Smayda INVESTORS: First In, Upfront Ventures, Space Capital, Rsquared, Side Door Ventures & ATX Ventures ROUND: Series A AMOUNT: $30,000,000 HQ: Torrance, California #VentureCapital #Fortastra #MikeSmayda #FirstIn #TradedVC