Turion Space Valuation, Funding & Investors
Turion Space is valued at $36M as of September 2021.
Last Turion Space valuation
$36M
Seed · Sep 2021
Last Turion Space funding round
$75M
Series B · Apr 2026
Cumulative funding Turion Space raised
$103M
across 5 funding rounds
Key investors in Turion Space
FoundersX Ventures
Y Combinator
Gaingels
Correlation Ventures
HOF Capital
Angel Collective Opportunity Fund
About Turion Space
Turion Space is a U.S.-based space technology company that builds Droid spacecraft for orbital debris removal and satellite servicing. The vehicles use vision sensors and docking mechanisms to rendezvous with targets, then employ propulsion to deorbit debris or adjust satellite orbits. Operations enhance space sustainability through turionspace.com.
Founded
2021
HQ
Los Angeles, CAWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$36M (Sep 2021)
Turion Space Valuation
Turion Space is currently valued at $36M, based on its seed round in September 2021.
The $6M round included Bluewatch Ventures, Harvard Management Company, gANGELS, Decacorn Capital, FoundersX Ventures and 7 other investors.
Turion Space valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Sep 2021 | Seed | $36M |
Turion Space Funding History
Turion Space has raised a total of $103M across 5 funding rounds.
Turion Space's first fundraising round was a $100K pre-seed round in June 2021. The most recent completed round was a $75M Series B in April 2026.
Turion Space funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Apr 2026 | Series B | Washington Harbour Partners (lead); Center15 Capital; Forward Deployed Venture Capital; Industrious Ventures; FoundersX Ventures; Magnetar Capital; HOF Capital; Aurelia Foundry | $75M | - | - |
| Dec 2024 | Series A | Veteran Ventures Capital (lead) | $20M | - | Turion Space develops micro-satellites like Droid.001 and Droid.002 for space domain awareness, non-Earth imaging, satellite servicing, and orbital debris removal, addressing key challenges in space operations with advanced sensors and autonomous systems. The company, led by veterans including former SpaceX engineers, has a team of over 70 and focuses on dual-use technologies for national security and commercial applications. Veteran Ventures Capital made a strategic investment in Turion's oversubscribed Series A round, announced December 2, 2024, which has raised nearly $20 million in venture capital to date. The funding supports expansion of the satellite fleet, including the launch of the enhanced Droid.002 satellite in early 2025, and development of autonomous docking, maneuvering, deorbiting, repairs, and inspections. Turion has secured significant government contracts, including a $15 million STRATFI program award and a $1.9 million TACFI contract from the U.S. Space Force's SpaceWERX to develop systems for engaging uncooperative space objects. Its Droid.001 satellite is integrated into the U.S. Space Force's Unified Data Library. Additionally, Turion collaborates with NASA on the micro-Droid satellite with grapplers for debris capture, planned for 2026 demonstration, and aims to scale production to 45 satellites annually by 2027. The investment aligns with Veteran Ventures Capital's focus on veteran-led dual-use national security tech in space. Later developments include a $32.6M U.S. Space Force contract announced in a 2024 year-in-review by Veteran Ventures Capital. |
| Mar 2022 | Seed | VU Venture Partners; Angel Collective Opportunity Fund | $2M | - | - |
| Sep 2021 | Seed | Bluewatch Ventures; Harvard Management Company; gANGELS; Decacorn Capital; FoundersX Ventures; DG Lab; Bruckner Ventures; Gaingels; Correlation Ventures; FAST — by GETTYLAB; Forward Venture Capital; Duro Ventures | $6M | $36M | - |
| Jun 2021 | Pre-seed | Y Combinator | $100K | - | - |
Who has invested in Turion Space?
23 investors have backed Turion Space across its funding rounds, including FoundersX Ventures, Y Combinator, Gaingels, Correlation Ventures, HOF Capital and Angel Collective Opportunity Fund.
Lead investors include Washington Harbour Partners and Veteran Ventures Capital.
Turion Space Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| San Francisco, CA | 2 | Participant | Sep 2021 | |
| Washington, DC | 1 | Lead | Dec 2024 | |
| United States | 1 | Participant | Sep 2021 | |
| San Francisco, CA | 1 | Participant | Jun 2021 | |
| San Francisco, CA | 1 | Participant | Mar 2022 | |
| Washington, DC | 1 | Participant | Apr 2026 | |
| San Francisco, CA | 1 | Participant | Apr 2026 | |
| Boston, MA | 1 | Participant | Sep 2021 | |
| Denver, CO | 1 | Participant | Apr 2026 | |
| United States | 1 | Lead | Apr 2026 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} gANGELS |  Seoul | 1 | Participant | Sep 2021 |
 Singapore | 1 | Participant | Sep 2021 | |
| San Francisco, CA | 1 | Participant | Mar 2022 | |
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Start Free TrialAcquisitions by Turion Space
Turion Space has acquired 1 company to date.
Last acquisition by Turion Space was on January 13th 2026. Turion Space acquired Tychee Research Group for undisclosed valuation.
Latest Acquisitions by Turion Space
| Description | Tychee Research Group offers expertise in orbit determination, constellation management, spacecraft autonomous environments, and related software services. |
| HQ Country | |
| HQ City | - |
| Deal Date | 13 Jan 2026 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Turion Space acquisitions and their M&A valuation multiples. Start Free Trial | |
Turion Space Competitors
Turion Space competitors include listed companies like XTI Aerospace and Drone Volt, and private ones like Cosmoserve Space, Delivers.AI, Voliro and Axiles Bionics.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Hyderabad | Private | - | - | $25M | - | |
 United Kingdom | Private | - | - | $36M | - | |
 Zurich | Private | - | - | $36M | - | |
| United States | Publicly listed | $22M | ($52M) | $35M | 0.4x | |
 Brussels | Private | - | - | $35M | - | |
 France | Publicly listed | $10M | ($11M) | $33M | 2.4x |
Turion Space Public Comps
Turion Space is still privately-owned, but its public comps include XTI Aerospace, Drone Volt, Structural Monitoring Systems, Porto Aviation Group, Turbomecanica, Circus, Exyn Technologies, OXE Marine, EdgeLab and AVTECH Sweden.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $22M | ($52M) | 1.9x | 0.4x | (0.8x) | (1.4x) | |||
| $10M | ($11M) | 3.3x | 2.4x | (2.9x) | (8.7x) | |||
| $20M | $3M | 2.1x | 2.2x | 15.9x | 13.2x | |||
| $4M | $610K | 5.1x | 4.5x | 36.4x | 17.1x | |||
| $31M | $8M | 1.0x | - | 3.9x | - | |||
| $2M | ($22M) | 20.4x | 7.5x | (1.7x) | (1.8x) | |||
| $6M | ($11M) | 2.6x | - | (1.3x) | - | |||
| $19M | ($3M) | 1.4x | 2.0x | (8.1x) | (5.0x) | |||
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Common questions about Turion Space
| When was Turion Space founded? | Turion Space was founded in 2021. |
| Where is Turion Space headquartered? | Turion Space is headquartered in Los Angeles, CA, United States. |
| Is Turion Space publicly listed? | No, Turion Space is a private, VC-backed company. |
| What is Turion Space's valuation? | Turion Space was last valued at $36M in its seed round in September 2021. |
| How much funding has Turion Space raised? | Turion Space has raised $103M across 5 funding rounds. |
| What was Turion Space's last funding round? | Turion Space's last funding round was a $75M Series B in April 2026, led by Washington Harbour Partners. |
| Who are Turion Space's investors? | Turion Space's investors include FoundersX Ventures, Veteran Ventures Capital, Bluewatch Ventures, Y Combinator, VU Venture Partners, Center15 Capital, Forward Deployed Venture Capital, Harvard Management Company, Industrious Ventures, Washington Harbour Partners and 13 others. |
| Which companies are comparable to Turion Space? | Companies comparable to Turion Space include Cosmoserve Space, Delivers.AI, Voliro, XTI Aerospace, Axiles Bionics and Drone Volt. |
| How many companies has Turion Space acquired? | Turion Space has acquired 1 company, including Tychee Research Group. |
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