FreshTracks Capital recently invested, out of its 4th fund, in Vermont-based Benchmark Space Systems, a designer of in-space propulsion systems for small satellites. Primary markets for the technology are earth imaging, telecommunications, and on-orbit activities. Benchmark is the recent recipient of an SBIR Phase I award for its B125 Propulsion System which offers a high thrust, low-cost, low-power solution for small satellites. Learn more here: Benchmark Space Systems
FreshTracks Announces New Investment in Benchmark Space Systems
Our Clients Say:
Andy Rossmeissl – Faraday
“When we formed Faraday and set out to raise capital FreshTracks Capital was one of the first groups we spoke to because of their deep connection to the Vermont start-up community and their willingness to help entrepreneurs. Approximately one year later FreshTracks became the lead investor in our Series A capital raise and catalyzed the round to shepherd it to closing.”
Andy Rossmeissl
CEO of Faraday
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Benchmark Space Systems is the next #HyperspaceChallenge finalist to highlight - they are developing the highest performing chemical propulsion systems for the #smallsat market. Come hear them present at the #SpaceStartupSummit in a couple weeks in #ABQ! buff.ly/33jxXku pic.twitter.com/0IAu…
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“As a serial entrepreneur who has started and operated investor backed companies in the past, I know that all investors are not created equal. As a new resident of Vermont with a new startup company, I combed the entrepreneurial ecosystem to determine which investors could provide the resources necessary to grow my business. I determined FreshTracks Capital was the local investor of choice.”
Paul Budnitz Founder at Kidrobot, Budnitz Bicycles, Ello & Wuu
“When we formed Faraday and set out to raise capital FreshTracks Capital was one of the first groups we spoke to because of their deep connection to the Vermont start-up community and their willingness to help entrepreneurs. Approximately one year later FreshTracks became the lead investor in our Series A capital raise and catalyzed the round to shepherd it to closing.”
Andy Rossmeissl CEO of Faraday
“About four years ago, we started imagining what SunCommon would become and I naturally sought out FreshTracks as a sounding board, who have been so generous with their time, wisdom, contacts and blunt assessments – testing and improving our thinking along the way. So when it came time to raise capital, we turned to FreshTracks Capital because of the firm’s deep commitment to supporting entrepreneurs in Vermont. Our state’s thriving venture climate, and we here at SunCommon, owe a lot to FreshTracks.”
Duane Peterson Co-Founder of SunCommon