Exclusive: Ex-Pixxel Engineer Effy John’s Parsec Aerospace In Talks To Raise $10 Mn

by · Inc42

SUMMARY

  • Parsec Aerospace is in talks to raise around $10 Mn in a round led by Nexus Venture Partners, with participation from existing investors, including Lightspeed Venture Partners.
  • The talks reflect investor appetite for early-stage aerospace ventures, even as their technologies and commercial prospects remain unproven
  • Founded by former Pixxel engineer Effy John, the Bengaluru-based startup is developing aerospace engines and remains in stealth mode.