Leonid Capital Partners Bolsters Space Portfolio with $6.25MM Investment in Phase Four

Leonid Capital Partners, a leading investment firm focused on high-growth technology companies working in the National Security industry, today announced a new $6.25MM financing for Phase Four, a revolutionary aerospace company developing advanced propulsion systems for the next generation of space vehicles.

Phase Four plays a critical role in the future of space and national security. Their innovative propulsion technologies hold the potential to revolutionize the government and commercial space industry, enabling faster and more efficient missions, opening up new orbital regimes, and expanding humanity's impact on and reach beyond Earth.

"We are thrilled to partner with Phase Four as they develop groundbreaking propulsion systems that will shape the future of space exploration," said James Parker from Leonid Capital Partners. "Their focus on national security applications aligns perfectly with our investment thesis, and we are confident that their technology will have a transformative impact on the industry."

LEONID's credit solution is unique, as it is directly tied to the value of Phase Four's contracts with the US government and has the ability to expand as further contracts are secured. This innovative approach provides Phase Four with the growth capital they need to pursue an increasing pipeline of both government and commercial work.

"This partnership with LEONID is a significant milestone for Phase Four," said Steve Kiser, CEO of Phase Four and General Partner of Veteran Ventures Capital. "Their flexible financing solution allows us to focus on what we do best ? developing cutting-edge propulsion systems that will change the way we move in space and further bolster our Nation's security. We are excited to have them join us on this journey."

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 Phase Four

Phase Four is a pioneering aerospace company dedicated to developing advanced propulsion systems for the next generation of space vehicles. The Company's innovative technologies have the potential to revolutionize space travel, enabling faster, more efficient missions, and expanding humanity's reach beyond Earth. Learn more at phasefour.io.