The funds will go towards in-orbit technology demonstration of the company's in-space rocket scheduled to launch in the 1st quarter of 2019.
Prime Movers Lab led the round for Momentus, a 2018 graduate of the Y Combinator program, with
participation from Liquid 2 Ventures, One Way Ventures, Mountain Nazca, Y Combinator and numerous other
Dakin Sloss, Founder and General Partner at Prime Movers Lab (which invests in physics-powered startups) said:
"Momentus has not only developed groundbreaking and efficient water-powered, in-space rockets, but also
validated the massive market demand for their services with hundreds of millions of dollars in LOIs.