Japanese house startup Astroscale has raised $109 million in a brand new Sequence F spherical of financing, bringing the corporate’s complete funding raised to this point to $300 million. The corporate focuses on on-orbit servicing know-how, designed to assist cut back the quantity of particles that exists in working orbital altitudes, and likewise to increase the lifetime of current satellites as a method of creating orbital companies extra sustainable.
This new funding, led by Japan’s THE FUND and together with participation from traders together with Seraphim House, brings Astroscale’s complete funding to $300 million. The startup’s CEO and founder Nobu Okada stated in a press launch that the brand new funds will assist them scale and “dramatically speed up [their] skill to make on-orbit servicing routine by 2030.”
It’s been an enormous 12 months for Astroscale (Okada shall be becoming a member of us on stage at TC Periods: House 2021 this 12 months, by the way in which), with a profitable tech demo of its end-of-life providers product in August. The corporate nonetheless has a second a part of that mission arising earlier than 12 months’s finish, and it’s additionally progressing with its plan to display orbital particles removing for the Japan Aerospace Exploration Company (JAXA) in a mission set for early subsequent 12 months.
Astroscale final raised $51 million in October 2020, the identical 12 months through which it acquired Efficient House Options, an organization centered on servicing the big geostationary satellites that present some key communications infrastructure on Earth.