Argo Navis - Malcolm Snowden
Streamlining propulsion systems to deliver superior performance
How did WNT Ventures help us?
In 2019 we were experimenting with rockets in our garage and realised that we needed more funding to progress further. We started working with an incubator scheme and were introduced to Carl. We underwent the investment process in March 2020 and gained some pre-seed capital.
The great thing about WNT is that they just roll up their sleeves and get things done. They bring a lot to the table along with the cash and they have an excellent network to support us through every stage of our business. They organised for a Senior Exec at Amazon to give us some some critical advice which helped a lot. They're experts in capital raising and how to run a company and they’ve been there at all of the critical points along the way.
Hardware is generally a longer and more difficult road to market than software. Good hardware plays are challenging but WNT are happy to take on the hard problems. They always reinforce to us that hardware done right provides stronger long term value. They have a vision of us becoming a very large company.
What does the future hold?
Things are progressing according to plan. Our recent convertible note round, led by WNT Ventures, was oversubscribed and generated $1m in additional funding and our first sub-orbital demonstration flight got the green light, which means we will be proving out the technology in flight and showcasing the propulsion system to launch providers.