£1.4M
The seed round was led by Founders Fund with participation from several investors and a public grant.
M
Magdrive
Magdrive develops advanced plasma thruster technology for the space industry.
£1.4MTotal raised
Magdrive develops miniature plasma thrusters designed to provide high thrust and efficiency for small satellites. The technology aims to enable new types of space missions and facilitate interplanetary travel.
Filed accounts
Cash at bank
Members only
Net current assets
Members only
Total assets less current liabilities
Members only
Net assets
Members only
Shareholders' funds
Members only
Current assets
Members only
Cash, assets and headcount from Magdrive's latest Companies House filing — with year-on-year movement, free with a Winfred account.
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Team
Thomas Clayson
CTO
Thomas serves as chief technology officer at Magdrive, following roles at First Light Fusion and Imperial College London.
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