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Flexell Space secures $20M in Series A funding led by InterVest and L&S Venture Capital, aimed at enhancing production capabilities.

PRIVATEJul 20, 2026

Amount Raised

$20 Million

Round Type

Series A

Uiwang SiManufacturingEnergyRenewable EnergySolar

Investors

IntervestNH Venture InvestmentIndustrial Bank Of KoreaQuad VenturesMirae Asset Venture InvestmentMirae Asset CapitalIbk Securities–Seoul ZvKorea Investment & SecuritiesKorea Credit Guarantee FundL&S Venture Capital

Description

Flexell Space, a Uiwang, South Korea-based developer of solar solutions, completed a $20M Series A funding round. The capital will be utilized for acquiring manufacturing equipment, upgrading facilities, and expanding operations with international partners. Existing investors InterVest and L&S Venture Capital participated alongside new backers including Mirae Asset and IBK Securities. The firm aims for full-scale production by 2028.

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Company Information

Company

Flexell Space

Location

Uiwang Si, Gyeonggi, South Korea

About

Flexell Space is a developer of space solar solutions based in Uiwang, South Korea. The company specializes in lightweight, flexible tandem solar cells using combined perovskite and copper indium gallium selenide (CIGS) architectures. Flexell Space aims to power low Earth orbit (LEO) satellite constellations and orbital data centers with a target for full-scale commercial production by 2028. Originally an in-house venture of Hanwha Systems, it has raised a total of $25 million in funding.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Flexell Space raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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