Continuum Space Systems Raises $3M to Modernize Space Mission Management
New Seed Investment Led by Prophetic Capital Partners to Power Enhanced Platform Capabilities
for Growing Complexity and Scale of New Space Missions
JUNE 22, 2023, PASADENA, CA – Continuum Space Systems (Continuum), the leader in unified space mission management announced today that it raised a $3 million seed round led by Prophetic Capital Partners with additional participation from existing investors including Mandala Space Ventures, Explorer1 Fund, Freeflow Ventures, and Unlock Venture Partners. This investment round brings the company’s total amount raised to more than $6 million.
Continuum enables customers to launch satellite payloads, space vehicles, and new services faster, safer and smarter with lower capital costs by removing the friction that comes with solving deeply complex space engineering problems compounded by outdated and disconnected tools and workflows. With the new investment, the company will build out its engineering team, launch new platform features and scale its customer reach.
Built upon tools and technologies developed for NASA by the Jet Propulsion Laboratory, an operating division of the California Institute of Technology (Caltech), Continuum streamlines the mission management process into a single unified system that supports the entire mission lifecycle from mission ideation and design to in-space operations. Continuum serves the growing space industry by enabling teams to focus on their core competencies and advance the potential of space exploration and commercialization.
“At Continuum, we understand the engineering, design and data challenges facing the space industry today. Whether it’s a mission to Low-Earth orbit, the Moon or the broader solar system, our customers are at the forefront of a new era for space exploration, operations and services. Our platform enables space teams to plan, design and test more effectively throughout the lifecycle of a mission so customers can focus on their main mission priorities,” said Marc Fagan, Continuum CEO.
“We’re excited to help power Continuum on their own mission to make their world class platform the industry standard when it comes to space mission management. With their leadership team, innovative technology and customer momentum, they’re uniquely positioned to win and we’re thrilled to have led this investment round,” said Paul McKeon, Managing Director, Prophetic Capital Partners.
“As a leading portfolio company, we’re proud to be part of the continued growth of Continuum. From incubation in the Mandala studio to attracting new customers and partners, Continuum is on its way to becoming a key piece of the new space technology stack that is accelerating the commercialization of space for the benefit of humanity,” said Dr. Leon Alkalai, CEO and Founder, Mandala Space Ventures. Dr. Alkalai is also a Co-Founder of Continuum along with Continuum CTO, Dr. Loic Chappaz.
About Continuum Space Systems:
Today’s commercial space operators face the daunting prospect of using disconnected tools with siloed workflows to design and execute successful missions. Continuum solves this problem with our platform built upon technologies licensed from NASA’s Jet Propulsion Laboratory (JPL), Caltech, where the art and science of complex space mission planning was perfected. Our mission is to serve our customers’ missions by saving time, money and data to streamline the process of going to space.
About Mandala Space Ventures:
Mandala Space Ventures (Mandala) is a venture studio based in Pasadena, California, focused exclusively on the emerging early-stage space ecosystem: https://mandalaspaceventures.com. Mandala invests and helps founders create and develop and nurture innovative ideas into venture backable enterprises. Our world-class technical team is uniquely recognized around the world and serves Mandala in terms of deal-sourcing, technical due diligence, and investment follow-up and oversight.