Fenwick represented Ursa Major, a rocket propulsion company, in its $138 million Series D and D-1 funding rounds. The investments were led by Explorer 1 Fund and Eclipse, and included RTX Ventures, funds and accounts managed by BlackRock, Exor Ventures, Mack & Co., LLC, XN, and other institutional shareholders.
Ursa Major will use the funds to continue to develop Lynx, the company’s innovative new solid rocket motor (SRM) program, while scaling production capacity and advancing multiple propulsion programs. More information can be obtained from the company’s announcement.
The Fenwick transaction team included corporate partners Michael Brown and Morgan Sawchuk and associates Evan McCormick, Rich Minice, and Paige Tucker.