Inversion Snags $10M For Space Cargo Efforts

Los Angeles-based Inversion, a company which says it is developing space capsules aimed at making it easier to return cargo to Earth from space, has raised $10M in a seed funding round. The funding was led by Spark Capital, and also included Y Combinator, Embedded Ventures, Funders Club, Liquid 2 Ventures, plus angels Kyle Vogt (Cruise) and David Hodge. According to the company it is developing "space capsules" for re-entry from space. The company's CEO and co-founder is Justin Fiaschetti.