Seattle, WA – June 20, 2013 – Space Angels Network, a global network of seed- and early-stage investors focused on aerospace-related ventures, announced an investment in NanoRacks LLC of Houston, Texas by Ed Tuck, a Founding Member of Space Angels Network and Principal of Falcon Fund. NanoRacks is a service provider that aggregates research and commercial payloads for companies aboard the International Space Station (ISS).
Proceeds from the financing will be used primarily to support construction of NanoRacks’ new external International Space Station (ISS) platform slated to begin offering sensor and electronics testing and hardware and satellite qualification services to customers in late 2014. The external rack is being built by EADS Astrium.
“Investors are taking a fresh look at the commercial space industry as a new generation of ventures like NanoRacks are gaining momentum. And organizations like Space Angels Network are critical for linking new investors to credible opportunities,” said Jeffrey Manber, CEO of NanoRacks.