Pangea Aerospace propels forward with €23m Series A investment
Deal News | Mar 20, 2025 | Iberian Lawyer
Pangea Aerospace, a burgeoning player in the aerospace industry focusing on propulsion systems, has successfully secured €23m in a Series A funding round. This investment was primarily led by Hyperion Fund and signifies a significant step for the Spanish startup as it aims to expand further into the European market. Primo Capital, through its Primo Space Fund, played a vital role in this investment process. The legal advisory for Primo Capital's involvement was provided by EY Abogados, a firm renowned for its expertise in Corporate, M&A, and Private Equity sectors. The team from EY was headed by a corporate and M&A partner and was supported by Rosa Caas, director, and Manuel Herrero, senior. This funding milestone marks a new chapter for Pangea Aerospace in its mission to advance its technological frontiers and market reach.
Sectors
- Aerospace
- Private Equity
- Legal Advisory
Geography
- Spain – Pangea Aerospace is a Spanish company aiming to expand within the European market.
- Europe – The Series A funding will be used by Pangea Aerospace to accelerate its expansion across the European market.
Industry
- Aerospace – Pangea Aerospace is involved in the development of propulsion systems for the aerospace industry.
- Private Equity – Primo Capital, through its Primo Space Fund, is participating in the Series A investment round, representing private equity interest in aerospace innovations.
- Legal Advisory – EY Abogados provided legal advice, showcasing the role of legal advisory in facilitating investment deals.
Financials
- €23m – The total amount raised by Pangea Aerospace in the Series A funding round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Pangea Aerospace | Target Company | Company | A startup specializing in propulsion systems for the aerospace industry. |
| Primo Capital | Investor | Company | Through its Primo Space Fund, it invested in Pangea Aerospace's Series A round. |
| Hyperion Fund | Lead Investor | Company | Led the Series A funding round for Pangea Aerospace. |
| EY Abogados | Legal Advisor | Company | Provided legal advisory to Primo Capital on their investment in the Series A round. |
| Partner in Corporate, M&A, and Private Equity | Legal Team Leader | Person | Led the legal team at EY Abogados for the investment advisory. |
| Rosa Caas | Director | Person | Part of the EY Abogados team advising on the investment. |
| Manuel Herrero | Senior | Person | Part of the EY Abogados team advising on the investment. |