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Promin Aerospace - About the company

Promin Aerospace is a seed company based in Kyiv (Ukraine), founded in 2021 by Vitaly Yemets. It operates as a Developer of technology for orbital launch of pico and nano satellites. Promin Aerospace has raised $500K in funding from QPDIGITAL. The company has 185 active competitors, including 59 funded and 10 that have exited. Its top competitors include companies like SpaceX, Skyroot and Astra.

Company Details

Developer of technology for orbital launch of pico and nano satellites. The technology uses gasification and subsequent burn of solid fuel tanks in the rocket engine. This method, along with pulsation combustion, reduces passive mass and scale factor impact. The technology aims to reduce space debris. It offers a launch service.
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Key Metrics
Founded Year
2021
Location
Kyiv, Ukraine
Stage
Seed
Total Funding
$500K in 1 round
Latest Funding Round
Investors
Ranked
Employee Count
12 as on Sep 30, 2026
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Promin Aerospace's funding and investors

Promin Aerospace has raised a total funding of $500K over 1 round. Its latest funding round was a Seed round on Jun 22, 2021 for $*****. 1 investor participated in its latest round. Promin Aerospace has 2 institutional investors.

Here is the list of recent funding rounds of Promin Aerospace:
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Jun 22, 2021
7370114
Seed
7413477
5398543
1823297
4379783
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Promin Aerospace's founders and board of directors

Founder? Claim Profile
The founders of Promin Aerospace is Vitaly Yemets.
Here are the details of Promin Aerospace's key team members:

Promin Aerospace's employee count trend

Promin Aerospace has 12 employees as of Sep 26. Here is Promin Aerospace's employee count trend over the years:
Employee count trend for Promin Aerospace
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Promin Aerospace's Competitors and alternates

Top competitors of Promin Aerospace include SpaceX, Skyroot and Astra. Here is the list of Top 10 competitors of Promin Aerospace, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for SpaceX
SpaceX
2002, Hawthorne (United States), Public
Provider of advanced aerospace and space transportation services
$11.9B
84/100
2nd
Logo for Skyroot
Skyroot
2018, Hyderabad (India), Series C
Manufacturer of orbital launch vehicles for small satellite deployment missions
$151M
74/100
3rd
Logo for Astra
Astra
2016, Alameda (United States), Series B
Provider of launch services and electric propulsion systems for spacecraft
$137M
72/100
4th
Logo for Firefly Aerospace
Firefly Aerospace
2014, Cedar Park (United States), Public
Provider of small and medium satellite launch vehicles, lunar landers, and orbital vehicles
$589M
70/100
5th
Logo for Relativity Space
Relativity Space
2015, Inglewood (United States), Series E
Provider of AI-powered 3D printed launch vehicles for small payloads
$1.34B
67/100
6th
Logo for Blue Origin
Blue Origin
2000, Kent (United States), Series D
Manufacturer of reusable launch vehicles for large payloads
$10B
66/100
7th
Logo for The Exploration
The Exploration
2021, Gauting (Germany), Series C
Developer of reusable space vehicles for cargo transport to space stations
$680M
66/100
8th
Logo for AgniKul Cosmos
AgniKul Cosmos
2017, Chennai (India), Series C
Manufacturer of orbital launch vehicles for micro and nano satellites
$62.2M
66/100
9th
Logo for Rocket Factory Augsburg
Rocket Factory Augsburg
2018, Augsburg (Germany), Series C
Manufacturer of orbital launch vehicles and flexible third stage systems
$33M
64/100
10th
Logo for PLD Space
PLD Space
2011, Elche (Spain), Series C
Provider of reusable launch vehicles for small payloads
$473M
63/100
80th
Logo for Promin Aerospace
Promin Aerospace
2021, Kyiv (Ukraine), Seed
Developer of technology for orbital launch of pico and nano satellites
$500K
30/100
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Promin Aerospace's Investments and acquisitions

Promin Aerospace has made no investments or acquisitions yet.

Reports related to Promin Aerospace

Here is the latest report on Promin Aerospace's sector:

News related to Promin Aerospace

•
Ukraine’s Promin Aerospace on track for 2023 flight testSpaceNews•Dec 06, 2022•Promin Aerospace
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