Demonstrates Union Square Advisors’ extensive platform in providing comprehensive advisory services and expertise to next-generation defense companies producing critical, disruptive technologies
On July 11, 2024, Union Square Advisors announced it has served as the exclusive financial advisor to X-Bow Systems (X-Bow), the nation’s leading non-traditional producer of advanced manufactured solid rocket motors (SRMs) and hypersonics technologies, in the initial close of its Series B financing of over $70M.
This private capital will accelerate the rapid growth of X-Bow’s hypersonic-capable vehicles, strategic and tactical scale solid rocket motor programs and completion of its Luling, TX gigafactory campus. The company will also be expanding its engineering and R&D facilities across New Mexico. The round was led by National Security technology-focused growth equity firm Razor’s Edge, with additional participation from Lockheed Martin Ventures, Boeing Ventures, Crosslink Capital and Balerion Space Ventures.
With this funding now secured, X-Bow will accelerate its growth trajectory as the nation’s third supplier of Solid Rocket Motors and continue in its quest to rapidly innovate and deliver agile, affordable solutions for SRMs, hypersonics and associated adjacent markets.
“X-Bow Systems has experienced significant growth and success in the past year, securing multiple contracts for SRMs, energetics and launch services. These successes are directly attributable to our team’s expertise and our patented advanced manufacturing techniques, which allow us to build, scale and produce SRMs and energetics more affordably than traditional methods. The Series B funding will augment growth by accelerating the completion of the country’s second largest SRM production facility (by capacity) in Luling, TX. This expansion addresses both critical industrial base and defense needs, and we’re grateful for the support of our investors and various industrial partners,” stated Jason Hundley, CEO and Founder.
“Union Square Advisors is incredibly pleased to partner with the X-Bow team as we continue to build on our track record of advising cutting-edge, disruptive technology leaders,” said Carter McClelland, Chairman at Union Square Advisors.
For more information, read the full press release here.
