HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)--Leonid Capital Partners (“Leonid”), a leading investment firm focused on high-growth technology companies working in the national security industry, today announced it is providing a new $20MM+ term loan to ABL Space Systems (“ABL”).
ABL makes satellite launch vehicles. The RS1 launch vehicle serves satellite missions including tactically responsive launch, high energy orbits and constellation deployment. Mobility is a key differentiator. The unique GS0 ground system is modular and transportable, enabling ABL to rapidly build launch sites around the world. The company is based in Los Angeles and backed by top-tier institutional investors.
“Our business is growing rapidly and this term loan will enable us to continue to make the investments necessary to expand our infrastructure and capacity to execute on current and future contracts,” said Harry O’Hanley, CEO of ABL Space Systems. “We’re thrilled to partner with Leonid, as they deeply understand our industry and recognize the immense value of developing and strengthening space launch capabilities.”
“ABL Space Systems is doing groundbreaking work to increase domestic launch resiliency and build out ‘responsive launch’ capabilities for the Department of Defense,” said James Parker, Co-Founder of Leonid Capital Partners. “Their dedication to developing mobile and adaptable launch solutions is truly amazing. We're honored to play a part in helping them achieve their mission.”
The deal is the latest of several financing arrangements Leonid has made this year with companies working within the space industry and further demonstrates the firm’s commitment to empowering scientists, engineers, and innovators with the capital required to develop impactful technologies in support of the national security mission.
Founded in 2019, Leonid is a specialized credit provider for businesses that contract with the federal government for highly technical engagements in fields such as software, biotech, and engineering. Leonid’s loans support a wide variety of contract types (including PoRs, OTAs, SBIR/STTR, and others) designed by the U.S. federal government to encourage research, service, and product solutions for critical areas of need.
About Leonid Capital Partners
Leonid Capital Partners is a leading investment firm focused on identifying and supporting high-growth technology companies that work in the national security arena. The firm leverages its deep government and technical expertise to provide its portfolio companies with the flexible resources they need to grow their business.
Learn more at leonidfinance.io.
About ABL
ABL is a leading provider of low-cost, flexible launch solutions that enable customers to achieve their mission objectives. A focus on affordability, flexibility, and innovation has made ABL a trusted partner for both government and commercial customers.
For more information, visit ablspacesystems.com.
