Agile Space Industries Funding, Investors & Competitors

Agile Space Industries has raised $37M across 4 funding rounds, most recently a $22M Series A in February 2026.

Last Agile Space Industries funding round

$22M

Series A · Feb 2026

Agile Space Industries revenue

$28M

Series A · Feb 2026

Key investors in Agile Space Industries

  • Howdy Partners
  • Lockheed Martin Ventures
  • Caruso Ventures
  • Greenline Ventures
  • Denver Ventures
  • Cortado Ventures
  • Veteran Ventures Capital
  • CORI Innovation Fund

Agile Space Industries Overview

About Agile Space Industries

Agile Space Industries is a Durango, Colorado-based manufacturer of in-space chemical propulsion that designs, 3D-prints and hot-fire tests thrusters and rocket engines under one roof. Its products include the A110 thruster, qualified for spaceflight in 2023 and built in dozens of flight units for lunar landing missions, and it supplies propulsion for national-security, civil and commercial spacecraft. The company runs its own test facilities in Durango, owns the Pennsylvania metal additive manufacturing business Agile Additive, formerly Tronix3D, and is opening a second test site in Oklahoma. It booked USD 28m of revenue in 2025, up from roughly USD 8m in 2022, carried about USD 60m of contracted backlog and employed about 125 people in Durango. Agile earns revenue from propulsion hardware, development contracts and test services, and has raised more than USD 40m of equity, most recently a Series A led by Caruso Ventures and Howdy Partners in 2026. The business began in 2009 as Advanced Mobile Propulsion Test, founded by Daudi Barnes, and became Agile Space Industries in 2019.


Founded

2019

HQ

United StatesDurango, CO

Status

Privately held

Customer focus

B2B & B2G

Revenue model

Product sales

Revenue

$28M (Feb 2026)

Agile Space Industries Revenue

Agile Space Industries' latest recorded revenue is $28M, as of its Series A in February 2026.

Agile Space Industries revenue by funding round

Agile Space Industries revenue and valuation multiple by funding round
DateRevenue *Stage
Feb 2026$28MSeries A

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Agile Space Industries Funding History

Agile Space Industries has raised a total of $37M across 4 funding rounds.

Agile Space Industries' first fundraising round was a $875K pre-seed round in January 2019. The most recent completed round was a $22M Series A in February 2026.

Agile Space Industries funding rounds

Agile Space Industries funding rounds
DateStageInvestorsRaisedDeal Summary
Feb 2026Series ADenver Ventures; Veteran Ventures Capital; Cortado Ventures; Howdy Partners; Caruso Ventures; Lockheed Martin Ventures$22MAgile Space Industries announced an oversubscribed USD 17m Series A on 19 February 2026, led by Caruso Ventures and Howdy Partners with participation from Lockheed Martin Ventures, Veteran Ventures, Denver Ventures and Cortado Ventures. Demand took the round above its USD 15m target, more than 70 per cent of the capital came from existing investors, and Howdy Partners later put the completed Series A at USD 19.6m. No valuation was disclosed. The company said it would use the money to expand manufacturing and testing capacity in Colorado and Oklahoma to keep up with growing orders for in-space thrusters. Agile carried about USD 60m of contracted backlog and booked USD 28m of revenue in the preceding year, up from roughly USD 8m in 2022, and its total equity raised rose to about USD 40m. The company designs, 3D-prints and hot-fire tests chemical thrusters and rocket engines for national-security, civil and commercial spacecraft. It began in 2009 as Advanced Mobile Propulsion Test, a Durango engine-test business founded by Daudi Barnes, and became a propulsion manufacturer under the Agile Space Industries name in 2019.
Jun 2023SeedCaruso Ventures (lead); Greenline Ventures; CORI Innovation Fund; Howdy Partners; Lockheed Martin Ventures$13MAgile Space Industries announced a $13 million seed funding round on June 23, 2023, led by Caruso Ventures with participation from Lockheed Martin Ventures, Greater Colorado Venture Fund (GCVF), CORI Innovation Fund, and Greenline Ventures. The company did not disclose the post-money valuation for this round. Agile Space Industries develops high-performance chemical propulsion systems for space applications, including its A110 thruster which achieved spaceflight qualification in April 2023. The company was building flight units for customers preparing lunar missions and had established a diversified customer base across national security, civil, and commercial space sectors. The seed round proceeds were dedicated to expanding production and development capacities, including metal additive manufacturing capabilities and chemical propulsion testing infrastructure, as well as hiring and infrastructure expansion to meet growing commercial demand. At the time of the round, Agile reported revenues increasing by more than 70 percent annually and had raised in excess of $18 million cumulatively. The company had approximately $60 million in contracted backlog and was positioned for a Series A funding round later in 2023.
Jul 2021SeedGreenline Ventures (lead)$2MAgile Space Industries raised USD 1.8m from Greenline Ventures on 16 July 2021 at the Greater Colorado Pitch Series in Grand Junction, where it was the top recipient of funding among about 100 startups presenting to investors. Greenline Ventures, a Denver investment manager that backs businesses in underserved communities, had planned to invest USD 1m but raised its commitment to USD 1.8m after further diligence on the company. No valuation was disclosed. Agile said it would use the money to expand its rocket-engine test facility next to Durango-La Plata County Airport and to buy equipment, mostly metal 3D printers for producing thrusters. At the time the company had completed the critical design review for the twelve A110 thrusters it was developing for Astrobotic's Griffin lunar lander. Agile Space Industries is based in Durango, Colorado, and designs, 3D-prints and tests in-space chemical propulsion for national-security, civil and commercial customers. Greenline Ventures later joined the company's USD 13m seed round in 2023.
Jan 2019Pre-seedHowdy Partners (lead)$875KAgile Space Industries closed its first round of venture funding in 2019, an initial USD 875K round with Howdy Partners, which then operated as the Greater Colorado Venture Fund. The investment came in the year the business pivoted from a chemical propulsion test-services company into a manufacturer of in-space thrusters and won its first engine design contract with Lockheed Martin. Howdy Partners' managing partner Cory Finney has been involved with the company since that first investment, citing founder Daudi Barnes' industry knowledge and the opportunity that metal additive manufacturing created to move from testing into design and manufacturing. No valuation was disclosed. Agile Space Industries is based in Durango, Colorado, and designs, 3D-prints and hot-fire tests chemical thrusters and rocket engines for national-security, civil and commercial spacecraft. The business began in 2009 as a propulsion test company, and it went on to raise a USD 13m seed round in 2023 and a Series A in 2026, bringing total equity raised to more than USD 40m.

Who has invested in Agile Space Industries?

8 investors have backed Agile Space Industries across its funding rounds, including Howdy Partners, Lockheed Martin Ventures, Caruso Ventures, Greenline Ventures, Denver Ventures and Cortado Ventures.

Lead investors include Caruso Ventures, Greenline Ventures and Howdy Partners.


Agile Space Industries Investors

Investors in Agile Space Industries by funding rounds participated
InvestorHQRoundsRoleFirst check
Howdy PartnersUnited StatesDurango, CO3LeadJan 2019
Greenline VenturesUnited StatesDenver, CO2LeadJul 2021
Caruso VenturesUnited StatesBoulder, CO2LeadJun 2023
Lockheed Martin VenturesUnited StatesWashington, DC2ParticipantJun 2023
Denver VenturesUnited StatesUnited States1ParticipantFeb 2026
Veteran Ventures CapitalUnited StatesWashington, DC1ParticipantFeb 2026

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Agile Space Industries Competitors

Agile Space Industries competitors include listed companies like SpaceX, Honeywell, Autodesk and Thales, and private ones like Relativity Space and SWISSto12.

Public and private companies comparable to Agile Space Industries
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Relativity SpaceUnited StatesLos Angeles, CAPrivate--$4.2B-
SWISSto12SwitzerlandLausannePrivate$140M-$583M4.2x
SpaceXUnited StatesUnited StatesPublicly listed$19B$3.9B$1.8T-
HoneywellUnited StatesUnited StatesPublicly listed$37B$7.8B$70B3.5x
AutodeskUnited StatesUnited StatesPublicly listed$7.2B$1.8B$55B6.7x
ThalesFranceFrancePublicly listed$25B$3.7B$51B2.0x

Agile Space Industries Public Comps

Agile Space Industries is still privately-owned, but its public comps include SpaceX, GE Aerospace, RTX, Airbus, Rolls-Royce, Boeing, Safran, Lockheed Martin, Parker Hannifin and General Dynamics.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
SpaceX$19B$3.9B94.9x-450.5x-
GE Aerospace$46B$11B7.5x7.0x31.1x29.0x
RTX$89B$15B3.2x3.0x19.3x18.3x
Airbus$82B$11B2.1x1.9x16.1x14.4x
Rolls-Royce$28B$11B4.8x4.4x12.9x18.6x
Boeing$89B$7.4B1.8x1.7x22.1x42.5x
Safran$35B$13B3.9x3.4x10.4x15.5x
Lockheed Martin$75B$8.7B1.9x1.8x16.7x13.2x

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Common questions about Agile Space Industries

When was Agile Space Industries founded?Agile Space Industries was founded in 2019.
Where is Agile Space Industries headquartered?Agile Space Industries is headquartered in Durango, CO, United States.
Is Agile Space Industries publicly listed?No, Agile Space Industries is a private, VC-backed company.
How much funding has Agile Space Industries raised?Agile Space Industries has raised $37M across 4 funding rounds.
What was Agile Space Industries' last funding round?Agile Space Industries' last funding round was a $22M Series A in February 2026.
Who are Agile Space Industries' investors?Agile Space Industries' investors include Howdy Partners, Greenline Ventures, Caruso Ventures, Lockheed Martin Ventures, Denver Ventures, Veteran Ventures Capital, CORI Innovation Fund and Cortado Ventures.
What is Agile Space Industries' revenue?Agile Space Industries' latest recorded revenue is $28M (February 2026).
Which companies are comparable to Agile Space Industries?Companies comparable to Agile Space Industries include Relativity Space, SWISSto12, SpaceX, Honeywell, Autodesk and Thales.

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