Japanese house startup Astroscale has raised $109 million in a brand new Series F spherical of financing, brining the corporate’s whole funding raised up to now to $300 million. The firm focuses on on-orbit servicing technology, designed to assist cut back the quantity of particles that exists in working orbital altitudes, and in addition to increase the lifetime of current satellites as a method of constructing orbital companies extra sustainable.
This new funding, led by Japan’s THE FUND and together with participation from buyers together with Seraphim Space, brings Astroscale’s whole funding to $300 million. The startup’s CEO and founder Nobu Okada mentioned in a press launch that the brand new funds will assist them scale and “dramatically accelerate [their] ability to make on-orbit servicing routine by 2030.”
It’s been a giant yr for Astroscale (Okada shall be becoming a member of us on stage at TC Sessions: Space 2021 this yr, by the best way), with a profitable tech demo of its end-of-life services product in August. The firm nonetheless has a second a part of that mission arising earlier than yr’s finish, and it’s additionally progressing with its plan to reveal orbital particles elimination for the Japan Aerospace Exploration Agency (JAXA) in a mission set for early subsequent yr.
Astroscale final raised $51 million in October 2020, the identical yr by which it acquired Effective Space Solutions, an organization centered on servicing the massive geostationary satellites that present some key communications infrastructure on Earth.