Venus Aerospace, a Houston, MA-based high-speed transportation startup, closed a $3m seed funding round.
The round was led by Prime Movers Lab with participation from Draper Associates, Boost VC, Saturn Five and X-Factor Ventures. In conjunction with the funding, Brandon Simmons, of Prime Movers Lab, will serve on the Venus Aerospace Board of Directors.
The company intends to use the funds for the development of reusable and efficient advanced rocket engines and aerodynamic technologies.
Led by co-founder and CEO Sarah “Sassie” Duggleby and co-founder and CTO Dr. Andrew Duggleby, Venus Aerospace is building out its Mach 12 hypersonic aircraft designed to travel at the edge of space, allowing passengers to go from Los Angeles to Tokyo in one hour.