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Venture Capital
boomerangcatapult.com

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Investments

12

Portfolio Exits

1

About Boomerang Catapult

Boomerang Catapult is an activist investor focused on growing early stage technology-based companies in the Traverse City area.

Boomerang Catapult Headquarter Location

236 1 /2 E Front St Suite 6

Traverse City, Michigan, 49686,

United States

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The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Boomerang Catapult News

Orbion Secures $9.2M in Series A Funding

Aug 28, 2019

Orbion Space Technology , a Houghton, MI—based developer of next-generation smallsat propulsion systems, raised $9.2M in Series A funding. The round was led by Material Impact, with participation from Invest Michigan, Invest Detroit, Wakestream Ventures, Ann Arbor SPARK, and Boomerang Catapult. The company intends to use the funds to manufacture and mass-produce the first-ever Hall-effect plasma thrusters for small satellites, dubbed the Orbion Aurora system. Led by Dr. Brad King, CEO, Orbion Space Technology develops propulsion systems that allow small satellites to achieve more in space environments, including the Hall-effect plasma thruster designed expressly for mass production. The company designs and develops these systems, and innovates novel techniques and processes for mass-manufacture to meet the demands of New Space customers. Their end-to-end approach to manufacturing integrates high-performance space technology, robotic assembly-line integration, and acceptance testing perfected in high-volume production environments. FinSMEs 28/08/2019

Boomerang Catapult Investments

12 Investments

Boomerang Catapult has made 12 investments. Their latest investment was in Naveego as part of their Seed VC - III on November 11, 2019.

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Boomerang Catapult Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/6/2019

Seed VC - III

Naveego

$0.38M

No

1

8/12/2019

Series A

Orbion Space Technology

$9.2M

Yes

6

11/30/2018

Seed VC - II

Naveego

$0.18M

No

1

8/31/2018

Series A

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$99M

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10

9/15/2017

Pre-Seed

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10

Date

11/6/2019

8/12/2019

11/30/2018

8/31/2018

9/15/2017

Round

Seed VC - III

Series A

Seed VC - II

Series A

Pre-Seed

Company

Naveego

Orbion Space Technology

Naveego

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Amount

$0.38M

$9.2M

$0.18M

$99M

New?

No

Yes

No

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Co-Investors

Sources

1

6

1

10

10

Boomerang Catapult Portfolio Exits

1 Portfolio Exit

Boomerang Catapult has 1 portfolio exit. Their latest portfolio exit was Naveego on February 22, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

2/22/2021

Acquired

2

Date

2/22/2021

Exit

Acquired

Companies

Valuation

Acquirer

Sources

2

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