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§ Private Profile · Livermore, CA, USA
Tesseract builds better thrusters for modern satellites
Tesseract has raised $27.0M across 2 funding rounds.
Key people at Tesseract.
Tesseract was founded in 2017 by Jake Teufert (Founder/CTO) and Erik Franks (Founder/CEO) and Jeff Gibson (Founder/COO).
Tesseract has raised $27.0M in total across 2 funding rounds.
Tesseract is a provider of cost effective propulsion components and systems for in-space applications spanning commercial Earth-orbiting satellites, robotic exploration missions, and human spaceflight.
Tesseract has raised $27.0M across 2 funding rounds. Most recently, it raised $25.0M Series A in June 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 1, 2021 | $25M Series A | — | DFJ, Harrison Metal, Heavybit, H.I.G. Capital, IVP, OWL Rock Capital Partners, Sapphire Ventures, Scale Venture Partners, Techstars, Threshold Ventures, TOP Tier Capital Partners, Adam Wiggins, Eric Ries, Hiten Shah, BlackFin Capital Partners, Coinbase Ventures, Concentric, DN Capital, Icebreaker.vc, Jabre Capital Partners Family Office, LeadBlock Partners, Wintermute, Woorton | Announced |
| Jul 29, 2019 | $2M Seed | — | — | Announced |
Key people at Tesseract.
Tesseract is a spacecraft propulsion company that designs and manufactures advanced thrusters and propulsion systems tailored for modern satellites and space missions. Their products include off-the-shelf thrusters, multi-thruster modules, and turnkey propulsion systems, serving commercial Earth-orbiting satellites, robotic exploration, and human spaceflight applications. Tesseract focuses on delivering cost-effective, reliable, and environmentally safer propulsion solutions by leveraging modern materials and manufacturing methods like 3D printing, aiming to replace traditional high-toxicity propellants with low-toxicity alternatives[1][2][5].
Founded in 2017 by Erik Franks (CEO), Jeff Gibson (COO), and Jake Teufert (CTO), Tesseract emerged from the founders’ combined experience in startups and aerospace engineering. The idea originated from the need to improve spacecraft propulsion hardware by making it more affordable, reliable, and safer for modern space applications. Early traction included raising $2.3 million in funding and building a small but focused team to develop and ship advanced thruster systems, positioning Tesseract as a promising player in the space propulsion sector[1].
Tesseract operates at the intersection of the growing commercial satellite market and the increasing demand for sustainable, cost-effective space technologies. The satellite industry is expanding rapidly due to the rise of mega-constellations, Earth observation, and space exploration missions, driving demand for better propulsion solutions. Tesseract’s timing is favorable as the industry shifts towards greener technologies and seeks to lower launch and operational costs. By enabling precise satellite positioning and maneuvering with safer, affordable thrusters, Tesseract influences the broader ecosystem by supporting more sustainable and scalable space operations[1][3].
Looking ahead, Tesseract is well-positioned to capitalize on the expanding satellite and space exploration markets by continuing to innovate in propulsion technology. Trends such as increased satellite launches, demand for in-orbit servicing, and stricter environmental regulations will likely shape their product development and market adoption. Their influence may grow as they set new standards for green propulsion and cost-effective spacecraft hardware, potentially becoming a key supplier for both commercial and governmental space programs. Continued investment in manufacturing innovation and customization capabilities will be critical to sustaining growth and impact in the evolving space industry[1][2][5].
Tesseract was founded in 2017 by Jake Teufert (Founder/CTO) and Erik Franks (Founder/CEO) and Jeff Gibson (Founder/COO).
Tesseract has raised $27.0M in total across 2 funding rounds.
Tesseract's investors include DFJ, Harrison Metal, Heavybit, H.I.G. Capital, IVP, Owl Rock Capital Partners, Sapphire Ventures, Scale Venture Partners, Techstars, Threshold Ventures, Top Tier Capital Partners, Adam Wiggins.