Douglas Gorman
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FUSE launches $1M Space Program to back early-stage space startups, taps Quindar and Lumen Orbit CEOs as scouts
FUSE, a Seattle-based VC, launched the FUSE Space Program to invest $1M in early-stage space startups and expects to fund roughly three to four companies per year, leveraging scout CEOs from portfolio firms and its wider mentor network. The firm highlights its $250M second fund as enabling follow-on support that smaller seed-focused space funds or very large firms may not provide.
By Douglas
Portal Space Systems Raises $17.5M Seed Round Led by AlleyCorp to Build Supernova Thermal‑Propulsion Spacecraft
Portal Space Systems raised $17.5M in seed funding led by AlleyCorp to develop its Supernova thermal‑propulsion spacecraft, which promises greatly improved maneuverability and rapid transorbital travel from LEO to higher orbits and cislunar space.
