The keynote presentation at the yearly Investor Capital Expo in January by space tech entrepreneurs Tom and Tina Sjögren, the founders of PythomSpace, has resulted in the formation of Nordic investors in PythomSpace through the Special Purpose investing Vehicle Space Cowboys AB.
In the picture, we see the lead investor of Space Cowboys, Ted Elvhage with the founders Tina and Tom Sjögren, and also the Swedish physicist and astronaut Christer Fuglesang and his wife Elisabeth Fuglesang who have joined PythomSpace to help the space tech venture succeed, deepen its network and relationships with the European space industry.
Space Cowboys was formed to facilitate early-stage investors to pull together and co-invest in PythomSpace seed round of $500k to support manufacturing and hot tests of the Pythom rocket engine and propulsion system. With a Nordic base of investors, PythomSpace now also has access to the relevant Nordic and European Space Industry. Discussions with the industry have already been initiated.
“The Asterex rocket engine and unique high-pressure propulsion system are far along the design cycle,” commented Tom Sjögren, PythomSpace CTO. “We expect to finish our CDR (critical design review) and initiate a test program in California before summer.”
“This is a great validation of the Pythom business model,” said Tina Sjögren, PythomSpace CEO. “It provides cash flow supporting technical development in the next 12-18 months.”
“Our great team of investors is further taking an active role to prepare for an A-round late 2020, in support of the Pythom Eigar launch vehicle.”
PythomSpace is based in Sierra Nevada, California.
“We are very impressed by the way the PythomSpace team creates results and move forward in the project, resulting in innovative new technologies. It is truly an honor to be a backer of PythomSpace and the team behind it,” says Ted Elvhage.
Space Cowboys are still looking for co-investors to their legendary team, so if you are interested to join the adventure, please contact firstname.lastname@example.org.