Startup · United States
Benchmark Space Systems
HQ Burlington, VermontFounded 201751-200 employeesUpdated
Benchmark Space Systems delivers proven in-space propulsion, High-Test Peroxide systems, ASCENT monopropellant systems, and electric propulsion systems, with 15+ missions launched and less than 12 months concept to delivery.,
Federal Obligations by Year (All USAspending, as Reported at the Time)
| Fiscal year | Direct: contracts |
|---|---|
| FY2026 (partial) | $3.4M |
| FY2025 | $7.7M |
| FY2024 | $6.2M |
| FY2023 | $2.8M |
| FY2022 | $0 |
| FY2021 | $762K |
| FY2020 | $1.2M |
| FY2019 | $801K |
Direct is the company's own reviewed UEIs. Reported by USAspending is subsidiaries as reported by USAspending: recipients that name this company as their parent, not yet reviewed ownership.
Directly matched recipients (up to 12)
UEIs matched to this organization, largest obligations first. Subsidiary recipients are not included in this list; their attributed obligations can appear in the company totals above.
- BENCHMARK SPACE SYSTEMS INC · RNZLNG2CWG15 · $23.0M
Each action is credited by the ownership basis shown in its column. Reported-parent rows count for Benchmark Space Systems only for the period a subsidiary reported Benchmark Space Systems as its parent; reviewed links follow their reviewed dates. Net of de-obligations; these are obligations, not ceilings. They come from the whole USAspending baseline (every recipient size, contracts and assistance) and are a separate view from the curated contract totals on this page. FY2026 and later are partial, as on Markets.
Funding10 rounds · $57.0M
- Equity raised
- $57.0M
- Latest
- UndisclosedStage undisclosed · May 26, 2026
| Announced | Stage | Amount | Valuation | Lead investors | Other investors | Confidence |
|---|---|---|---|---|---|---|
| May 26, 2026 | Undisclosed | Undisclosed | — | — | — | Speculative |
| Jul 2, 2025 | Undisclosed | $2.4M | — | — | — | Reported |
| May 21, 2024 | Series B | $6.8M | — | — | — | Reported |
| Jul 6, 2023 | Series B | $33.3M | — | — | — | Confirmed |
| Jun 3, 2022 | Convertible | $4.0M | — | — | — | Reported |
| Oct 25, 2021 | Undisclosed | $8.5M | — | — | — | Reported |
| Aug 3, 2021 | Seed | Undisclosed | — | — | — | Reported |
| May 27, 2020 | Seed | $2.0M | — | — | — | Reported |
| May 24, 2020 | Convertible | Undisclosed | — | — | — | Reported |
| May 16, 2019 | Convertible | Undisclosed | — | — | — | Reported |
- UndisclosedSpeculativeUndisclosedMay 26, 2026
- Undisclosed$2.4MJul 2, 2025
- Series B$6.8MMay 21, 2024
- Series BConfirmed$33.3MJul 6, 2023
- Convertible$4.0MJun 3, 2022
- Undisclosed$8.5MOct 25, 2021
- SeedUndisclosedAug 3, 2021
- Seed$2.0MMay 27, 2020
- ConvertibleUndisclosedMay 24, 2020
- ConvertibleUndisclosedMay 16, 2019
Raised counts equity rounds; debt, secondary sales and grants are totaled separately. Amounts in other currencies are converted at the announcement month's average rate. A ~ marks an estimated or converted amount.
Systems4
Newest unveiled first. Systems that belong to a government program link to the program page, where variants, costs and contracts are.
Capabilities1
| Technology | Role | Maturity | TRL | Notes | Confidence |
|---|---|---|---|---|---|
| Space, launch and counterspace | Developer | — | — | classify_sectors run 37, haiku, taxonomy 2026-10-18b: Sells in-space propulsion and electric propulsion systems with missions launched; no defense or security use is stated. | Reported |
- Developerclassify_sectors run 37, haiku, taxonomy 2026-10-18b: Sells in-space propulsion and electric propulsion systems with missions launched; no defense or security use is stated.—Reported
Maturity and TRL describe this organization's work; the field-wide maturity is on each technology's page.
People6
| Person | Role |
|---|---|
| Matt Shea | Co-Founder & Chief Product Officer |
| Ryan McDevitt | Co-Founder & Chief Technology Officer |
| Brad Morrison | Chief Financial Officer |
| Jake Teufert | Chief Engineer |
| Matthew Shea | Chief Product Officer |
| Wesley Grove | Chief Executive Officer |
Sources11
Show all 11 sources and supporting evidence
Profile3
- 1
PitchBook · Supports Organization · employee range, Organization · founded year, Organization · linkedin url, Organization · x url
“employee_range: 51-200 (profile: 62)”
- 2
Sixth-Domain · Supports Organization · country, Organization · kind
“{"country": "USA", "hq_iso2": "US", "id": "6503bbfe-7136-44ea-ace3-91530b6f7c44"}”
- 3
Benchmark Space Systems · Supports Organization · description, Organization · name, Organization · website
“Benchmark Space Systems delivers proven in-space propulsion, High-Test Peroxide systems, ASCENT monopropellant systems, and electric propulsion systems, with 15+ missions launched and less than 12 months concept to delivery.,”
Systems3
- 4
Benchmark Space Systems · Supports System
“##### ASCENT Monopropellant Systems # Macaw”
- 5
Benchmark Space Systems · Supports System
“##### Electric Propulsion Systems # Xantus Flight-proven, compact and scalable ### Metal Plasma Thruster”
- 6
Benchmark Space Systems · Supports System
“# Halcyon High-thrust chemical propulsion”
Funding4
- 7
TechCrunch · Jul 6, 2023 · Supports Funding round
“has raised $33.2 million in new funding, according to a filing with the U.S. Securities and Exchange Committee.”
- 8Regulatory filingBenchmark Space Systems - SEC Form D
U.S. Securities and Exchange Commission · Jul 5, 2023 · Supports Funding round · amount, Organization · ownership
“Total Amount Sold $33,262,373 USD”
- 9
LinkedIn · Supports Funding round, Organization · employee range, Organization · founded year, Organization · hq city, Organization · hq region, Organization · linkedin url, Role
“funding round: Seed Round, 2021-08-03”
- 10
PitchBook · Supports Funding round
“Later Stage VC”
People1
- 11
Benchmark Space Systems · Supports Role
“Dr. Ryan McDevitt Co-Founder & Chief Technology Officer”
Each fact on this page is attached to the sources that support it. Archived copies are linked when we keep one.