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Letara Raises ¥2.6B to Build its Hybrid Rocket Engine Tech. The pre-Series A round will fund the development of low-cost, hybrid rocket technology for launch and in-space applications.
Amount Raised
¥16 Million
Round Type
Pre-Series A
Investors
Description
Japanese propulsion startup Letara closed a ¥2.6B ($16M) pre-Series A round to fund the development of its low-cost, hybrid rocket engine technology. The round was led by Headline Asia, JIC Venture Growth Investments, and Incubate Fund, with participation from various US and Japanese VC firms. Letara aims to scale its technology and finance its first in-space demonstration with the new capital. Founded in 2020, Letara is focused on creating innovative rocket propulsion solutions.
Fundz sees it the moment Letara raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Letara 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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