Founders Fund is an institutional investor known for backing companies such as SpaceX.
Portfolio
2
companies
Contact
Contact connects creative talent directly with clients through a streamlined booking platform.
Magdrive
Magdrive develops advanced plasma thruster technology for the space industry.
Delian Asparouhov
principal
Delian brings venture capital and startup operating experience from Founders Fund, Khosla Ventures, and Varda Space Industries.
LinkedInTrae Stephens
Partner
Trae is a partner at Founders Fund and a co-founder of Anduril Industries, Pursuit, and Sol. He previously worked as a lead data analyst at LexisNexis Special Services.
LinkedInThe seed round was backed by Founders Fund and Sweet Capital to support team expansion and new product verticals.
"I’m delighted to have the support of Founders Fund and Sweet Capital as we continue our mission to help more creatives get paid. We’re just getting started."
The seed round was led by Founders Fund with participation from several investors and a public grant.
"We are thrilled to back this innovative group out of the UK, there have been many attempts at small satellite propulsion innovation over the past decade, but they have been marginal improvements on pre-existing technology, Magdrive is the first step-change improvement offering the best of chemical and electric propulsion in a single system."
