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Japanese space startup Astroscale has raised $ 109 million in a new round of Series F funding, bringing the company’s total funding raised to date to $ 300 million. The company specializes in in-orbit maintenance technology, designed to help reduce the amount of debris existing in operational orbital altitudes, and also to extend the life of existing satellites to make orbital activities more sustainable.

This new financing, led by the Japanese THE FUND and including the participation of investors including Seraphim Space, brings the total financing of Astroscale to 300 million dollars. Startup CEO and founder Nobu Okada said in a press release that the new funds would help them scale and “accelerate dramatically. [their] ability to make in-orbit maintenance routine by 2030. ”

It’s been a big year for Astroscale (Okada will be joining us on stage in the TC: Space 2021 sessions this year, by the way), with a successful technology demonstration of its end-of-life service product in August. The company still has a second part of that mission ahead before the end of the year, and it is also progressing with its orbital debris disposal demonstration plan for the Japan Aerospace Exploration Agency (JAXA) in 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 servicing large geostationary satellites that provide some key communications infrastructure on Earth.


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