Japanese space startup Astroscale has raised $109 million in a new Series F round of funding, raising the company’s total funding to $300 million. The company specializes in on-orbit servicing technology, which is designed to help reduce the amount of debris present in operating orbital altitude, and to extend the life of existing satellites as a means of making orbital occupations more sustainable. Designed to expand.
The new funding, led by The Fund of Japan and with participation from investors including Seraphim Space, brings Astroscale’s total funding to $300 million. The startup’s CEO and founder, Nobu Okada, said in a press release that the new funds will help them scale and “dramatically accelerate.” [their] Ability to create on-orbit servicing routines by 2030.”
It’s been a big year for Astroscale (Okada will join us on stage at TC Sessions: Space 2021 this year), with a successful tech demo of its end-of-life services product in August. The company still has a second part of that mission coming before the end of the year, and it’s also progressing with its plans to remove orbital debris for the Japan Aerospace Exploration Agency (JAXA) in a mission set early next year. Has been doing.
Astroscale last raised $51 million in October 2020, the same year it acquired Effective Space Solutions, a company focused on servicing the large geostationary satellites that provide some of the key communications infrastructure on Earth.