Friday, May 13, 2016 5:02:00 AM PDT | VentureDeal
Boston, Massachusetts -- Propulsion technology company Accion Systems has raised $6 million in new equity venture capital investment, according to an SEC regulatory filing.
Accion develops propulsion systems for satellites based on its proprietary technologies. The systems are designed to propel small satellites to the proper orbit. Investors in the financing were not disclosed, nor was how the company intends to use the funding proceeds. A total of seven investors participated in the offering. Accion is still seeking $1.5 million in additional equity investment, according to the filing.
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