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Tuesday, December 7, 2021

Astroscale raises $ 109 million for its in-orbit services technology – TechCrunch

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Japanese space startup Astroscale has raised $ 109 million in a new Series F funding round, bringing the company’s total funding raised to date to $ 300 million. The company specializes in in-orbit service technology, designed to help reduce the amount of debris that exists at operating orbital altitudes and also to extend the life of existing satellites as a means of making orbital business more sustainable. .

This new funding, led by THE FUND of Japan and involving 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 funding will help them scale and “dramatically accelerate [their] ability to make in-orbit service routine by 2030. “

It’s been a great year for Astroscale (Okada will be joining us on stage at TC Sessions: Space 2021 this yearBTW), with a successful end-of-life technology demonstration of its service product in August. The company still has a second part of that mission before the end of the year, and is also moving forward with its plan to demonstrate orbital debris removal for the Japan Aerospace Exploration Agency (JAXA) on a mission scheduled for early next year. .

Astroscale last raised $ 51 million in October 2020, the same year it acquired Effective Space Solutions, a company focused on serving the large geostationary satellites that provide key communications infrastructure on Earth.

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