Startup · France
HyPrSpace
HQ Le Haillan, FranceFounded 201951-200 employeesUpdated
HyPrSpace develops a hybrid rocket engine for a simpler, safer, and more cost-effective access to orbit.
Funding2 rounds · ~$25.5M
- Equity raised
- ~$25.5M
- Latest
- ~$24.3MSeries A · Nov 17, 2025
| Announced | Stage | Amount | Valuation | Lead investors | Other investors | Confidence |
|---|---|---|---|---|---|---|
| Nov 17, 2025 | Series A | ~$24.3M | — | Bpifrance, Red River West | — | Confirmed |
| Apr 27, 2022 | Seed | ~$1.2M | — | — | Bpifrance, Geodesic Capital | Reported |
- ~$24.3MNov 17, 2025
- SeedWith Bpifrance, Geodesic Capital~$1.2MApr 27, 2022
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.
Systems5
Baguette OneSuborbital launch demonstrator under development to test hybrid propulsion in flight.- JokerSubscale hybrid rocket-engine demonstrator for ground testing.
- LilyHistorical experimental hybrid rocket engine first tested in 2018.
- OB1Orbital small-satellite launch vehicle under development.
TerminatorFull-scale hybrid rocket-engine demonstrator used in ground tests.
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: Develops a hybrid rocket engine for orbital access, backed by CNES; the text states no defense use. | Reported |
- Developerclassify_sectors run 37, haiku, taxonomy 2026-10-18b: Develops a hybrid rocket engine for orbital access, backed by CNES; the text states no defense use.—Reported
Maturity and TRL describe this organization's work; the field-wide maturity is on each technology's page.
People1
| Person | Role |
|---|---|
| Alexandre Mangeot | CEO |
Sources10
Profile3
- 1
Sixth-Domain · Supports Organization · country, Organization · kind
“{"country": "France", "hq_iso2": "FR", "id": "abc4da73-4a69-4668-aa02-e25f18a69cbf"}”
- 2
Crunchbase · Supports Organization · hq city, Organization · x url
“hq_city: Le Haillan”
- 3
LinkedIn · Supports Organization · employee range, Organization · founded year, Organization · hq city, Organization · hq region, Organization · linkedin url
“employee_range: 51-200 (profile: 51-200 employees)”
Systems2
- 4
HyPrSpace · Supports Organization · description, Organization · name, Organization · website, System
“HyPrSpace develops a hybrid rocket engine for a simpler, safer, and more cost-effective access to orbit. Backed by CNES and European institutions, we strengthen Europe’s independent space capabilities. Discover our technology and book your launch now.”
- 5CompanyLily
HyPrSpace · Supports System
“HyPrSpace leads a consortium with CT Engineering and Telespazio France to finalize the design of OB1 (Orbital Baguette One) and conduct the inaugural flight of suborbital rocket Baguette One.”
Funding4
- 6
European Spaceflight · Nov 17, 2025 · Supports Funding round
“closed a €21 million Series A funding round led by Red River West and DeepTech 2030”
- 7
Bpifrance · Nov 17, 2025 · Supports Funding round, Funding round · amount, Organization · ownership
“Cette série A est menée par Red River West et par le fonds DeepTech 2030”
- 8
SpaceNews · May 3, 2022 · Supports Funding round
“has raised €1.1 million from the Geodesic fund, the French Tech Seed fund”
- 9
French Tech Bordeaux · Apr 27, 2022 · Supports Funding round · amount
“annonce avoir bouclé une levée de fonds de 1,1 million d'euros en amorçage”
People1
- 10
HyPrSpace · Supports Role
“— Alexandre Mangeot, CEO of HyPrSpace”
Each fact on this page is attached to the sources that support it. Archived copies are linked when we keep one.