Startup · Spain
Pangea Propulsion
HQ Barcelona, SpainFounded 201851-200 employeesUpdated
We provide innovative propulsion systems to scale the space economy and take missions further.
Funding4 rounds · ~$29.6M
- Equity raised
- ~$29.6M
- Debt, secondaries & grants
- ~$83K
- Latest
- ~$24.9MSeries A · Mar 18, 2025
| Announced | Stage | Amount | Valuation | Lead investors | Other investors | Confidence |
|---|---|---|---|---|---|---|
| Mar 18, 2025 | Series A | ~$24.9M | — | Hyperion Fund | — | Reported |
| May 19, 2021 | Seed | ~$3.6M | — | Inveready | — | Reported |
| Jan 13, 2020 | Seed | ~$1.1M | — | — | — | Reported |
| Sep 1, 2018 | Grant | ~$83K | — | — | — | Reported |
- Series ALed by Hyperion Fund~$24.9MMar 18, 2025
- SeedLed by Inveready~$3.6MMay 19, 2021
- Seed~$1.1MJan 13, 2020
- Grant~$83KSep 1, 2018
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.
Systems6
- ArcosA modular aerospike rocket-engine platform.
- CryoxA methane and liquid-oxygen engine designed for orbital missions.
- KronosA full-flow staged-combustion rocket engine under development for heavy launch vehicles.
- Nereus 200A bipropellant engine under development for orbital transfer and landing missions.
- Nereus 20 BA bipropellant thruster for spacecraft maneuvering.
- Nereus 20 MA monopropellant thruster for small satellites and space vehicles.
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: Propulsion systems for the space economy; the text states no defense use. | Reported |
- Developerclassify_sectors run 37, haiku, taxonomy 2026-10-18b: Propulsion systems for the space economy; 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.
People6
| Person | Role |
|---|---|
| Adrià Argemí | co-founder and CEO |
| Federico Rossi | Co-Founder and Head of Propulsion Engineering |
| Nicola Palumbo | Co-Founder & Head of Mechanical Engineering |
| Rasmus Bergstrom | Co-Founder & Head of Recovery and Return to Base Engineering |
| Xavier Llairo | Co-Founder and COO |
| Luis Bellafont | Chief Financial Officer |
Sources5
Profile2
- 1
Sixth-Domain · Supports Organization · country, Organization · kind
“{"country": "Spain", "hq_iso2": "ES", "id": "171bfd1a-a891-4830-a691-6df004d90f42"}”
- 2
Pangea Propulsion · Supports Organization · description, Organization · name, Organization · website
“We provide innovative propulsion systems to scale the space economy and take missions further.”
Systems1
- 3
Pangea Propulsion · Supports System
“KRONOS is set to become Europe’s first full flow staged combustion rocket engine, and the most powerful ever conceived on the entire continent. Purpose-built for heavy and super-heavy launch vehicles, it’s a game-changing strategic technology designed for reusability, with maximum efficiency, and cutting-edge manufacturing.”
Funding1
- 4CompanyPangea Propulsion | LinkedIn
LinkedIn · Supports Funding round, Organization · employee range, Organization · founded year, Organization · hq city, Organization · hq region, Organization · ownership, Role
“funding round: Seed Round, 2021-05-19, EUR 3,000,000, lead: Inveready”
People1
- 5
Pangea Propulsion · Supports Role
“Barcelona, 14 September 2026. — Adrià Argemí, co-founder and CEO of Pangea Propulsion, has received the XXXIII Jove Empresari Award, presented by AIJEC, the Association of Young Entrepreneurs of Catalonia, in recognition of his entrepreneurial journey and his contribution to the development of propr”
Each fact on this page is attached to the sources that support it. Archived copies are linked when we keep one.