Morpheus Space has announced the closing of its first private funding round, led by Vsquared Ventures. Others in the round include Lavrock Ventures, Airbus Ventures, In-Q-Tel, Pallas Ventures and Techstars.
The space tech start-up was founded in 2018 as a spin-off from the chair of space systems of Technical University of Dresden. The company has created the ground-breaking Spacecraft Electric Propulsion Systems, NanoFEEP, which is the smallest and most efficient satellite propulsion system that provides in-orbit mobility for the widest range of satellite sizes.
“We are proud to have had Latham’s support on this milestone transaction for Morpheus,” said Daniel Bock, Co-Founder and CEO. “For every legal discipline we needed in the U.S. and Germany, they provided an almost instantaneous solution to help make this cutting edge tech transaction an intercontinental success.”
Latham & Watkins LLP represents Morpheus Space in the transaction. The emerging companies team was led by Los Angeles associate David Pendergast, with assistance from Los Angeles associate Zach Gray. The German corporate team was led by Hamburg partner Christoph Engeler, with associate Daniel Kreutzmann. Advice was also provide on intellectual property matters by Frankfurt partner Susan Kempe-Mueller and Los Angeles partner Ghaith Mahmood; on employment matters by Munich associate Kristina Steckermeier; on German public R&D grant matters by Frankfurt associate Alexander Wilhelm; and on regulatory matters by Hamburg associate Niklas Bruggermann.
Latham began representing Morpheus Space nearly a year ago, and helped the founders Daniel and Istvan Lorincz navigate a variety of legal questions on both sides of the Atlantic, culminating in a very exciting deal that will help the Company unlock the next phase of growth in its mission.