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Hispansion

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High-fidelity lunar regolith simulants for research.

Leganés, SpainFounded 2024Space
Valuation <$5M Last recorded · 2025
Headcount <100 Current team size
Total funding $0–10M Disclosed equity funding
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About Hispansion

Hispansion Works S.L. is a Spanish deep-tech startup specializing in the development and production of high-fidelity lunar regolith simulants. The company was founded in 2024 by Carlos Aguilar Borasteros (CEO), who holds an MSc in Aerospace Engineering, and Jaime Abella Larraz (COO), who has an MSc in Biomedical Engineering. The two met in 2018 at Universidad Carlos III de Madrid and their shared passion for space exploration led to the creation of Hispansion. The firm is based in Leganés, Madrid, and is part of the ESA Business Incubation Centre (ESA-BIC) Madrid Region program. Hispansion addresses a critical need in the space exploration sector by providing materials that accurately replicate the chemical, mineralogical, and mechanical properties of the Moon's surface. Its client base includes research institutions, universities, space agencies, and aerospace companies that need to test and validate technologies—such as rovers, habitats, and resource extraction equipment—in realistic lunar conditions before deployment. The company's core product is the TerraLun™ line of lunar regolith simulants, which are engineered using data from the Apollo missions and validated with NASA's Figure of Merit methodology. For example, their TLH-0 simulant, representing the lunar highlands, achieved a 91.7 out of 100 fidelity score from NASA. Hispansion produces these simulants synthetically by mixing minerals and raw materials sourced from Europe, allowing for scalability. The company has an agreement with an industrial mineral processing plant to produce over 1,000 tons of regolith annually, a key differentiator from competitors who may lack industrialized and standardized processes. In addition to simulants, Hispansion is developing testing and consulting services to help clients validate hardware and experiments in simulated lunar environments. Hispansion was officially registered in 2024, the same year it signed a collaboration agreement with the Polytechnic University of Madrid (UPM-ETSIME) to develop its first prototype. By 2025, the company had closed a €75,000 pre-seed funding round, been accepted into the ESA-BIC program, and launched its TerraLun™ - Core simulants line.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2024
Headquarters
Leganés, Spain
Employees
4
Open positions
5
Dealroom signal
40.6/100
Industry
Space
Sector
Space, Space Tech, Advanced Materials, Space Exploration, Lunar
Business model
Manufacturing
Client focus
b2b

Funding history

1 recorded event

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SUPPORT PROGRAM✓Other financing May 2026 $55K — ESA BIC Madrid Region —
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Growth signals

Hispansion website traffic

Latest recorded traffic for Hispansion is 520 monthly website visits, up 92.6% over the last three months.

Latest monthly visits520 3-month web change+92.6%
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Investments and acquisitions

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Investors

1 investor on the cap table

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Other known investors1 additional known investor

  • ESA BIC Madrid Region
Team profiled 1 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
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Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇪🇸 Spain · Leganés HQ
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Market sentiment

Posts on X, past 7 days

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