Astroscale Completes Largest Funding Round To Date, Raising $ 109 Million

The Astroscale team in March 2021 when ELSA-d was dispatched for launch. (photo: Astroscale)

Astroscale has taken a major step forward in funding, achieving the largest funding round in its history. The company announced on November 25 that it has closed its Series F cycle with additional funding of $ 109 million from a group of new investors. These included THE FUND Limited partnership in Japan, with the participation of international investors including Seraphim Space Investment Trust (Espace Seraphim) in the UK and DNCA Invest beyond world leaders.

This brings the total funding for Astroscale raised to $ 300 million. Astroscale continues to be one of the most talked about companies in the satellite industry, given the importance of satellite maintenance and space debris clearance. This follows the company’s $ 51 million Series E round in October 2020.

The company had a big year in 2021. The Astroscale End-of-Life Services Demonstration Mission (ELSA-d) successfully completed its first in-orbit technical demonstration in August, and Astroscale is preparing for the next phase, described as “non-tumbling capture”, which is expected to be completed by the end of the calendar year. He has also recently won major contracts with companies such as Japan Aerospace Exploration Agency (JAXA) and the UK Space Agency (UKSA).

“This latest round of funding will dramatically accelerate our ability to make in-orbit maintenance routine by 2030. It also shows that investors around the world recognize the enormous potential of the emerging in-orbit maintenance market, which will revolutionize the future. from space. “said Nobu Okada, founder and CEO of Astroscale, in a statement.

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