Axelspace Raises $44 Million, Closing Series D Funding Round To Accelerate Growth Toward Social Implementation Of Microsatellite Applications

Dec 21, 2023•over 1 year ago

Amount Raised

$44 Million

Round Type

series d

TokyoDefense and Space Manufacturing

Investors

Tokyo University Of Science Innovation CapitalSmbc Gb Growth I Investment Limited PartnershipAxelspace Holdings Corporation

Description

Axelspace Holdings Corporation today announced that the company completed its Series D funding round raising approximately JPY 6.24 billion (equivalent to USD 44.0 million). The round sees the allocation of new shares to SMBC-GB Growth I Investment Limited Partnership, several other venture capitals, and corporate investors. This brings the cumulative amount of equity financing to approximately JPY 14.3 billion.

Company Information

Company

Axelspace

Location

Tokyo, Tokyo, Japan

About

Axelspace is a pioneer of micro-satellites technology with the vision "Space within Your Reach". We have developed and operated 9 satellites so far. We are creating a new future for space utilization as an international team from more than 20 countries. We provide 1) Earth Observation Platform "AxelGlobe" with 5-satellite constellation and 2) One stop service for microsatellites "AxelLiner". AxelGlobe captures anywhere on Earth once in a few days. We're going to launch "Pyxis," the first demonstration microsatellites of AxelLiner 1Q of 2024.

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