Japan’s space debris remover Astroscale secures $109M, brings valuation to $295M

Image credit: Astroscale Holdings

Tokyo-based Astroscale Holdings, the Japanese startup offering space debris removal services, has secured approximately 12.4 billion yen (about $109 million) in a Series F round, which brought the startup’s valuation to 33.4 billion yen (about $295 million). This follows their series E round back in October of last year.

Investors participating in the latest round are:

  • DNCA Invest Beyound Global Leaders
  • Environmental Energy Investment
  • Siniphian
  • AXA Life Insurance
  • Innovation Engine
  • OPS
  • Seraphim Space Investment Trust
  • Solaris ESG Master Fund
  • Chiba Dojo
  • Nomura Sparks Investment
  • Prelude Structured Alternatives Master Fund
  • Yamauchi-No.10 Family Office (the family office of Nindendo’s founder)
  • Y’s Investment

According to the company, the funding will enable the company’s global growth, including the development of technology for safe and cost-effective on-orbit services and the expansion of its own facilities for mass production in Japan, the UK and the US.

Since its Series E round back in October of last year, the company’s workforce has grown by more than 60 percent, reaching about 250 employees globally.

The company successfully launched and put into orbit the ELSA-d space debris removal satellite in March, and this month, followed by introducing its docking plate this month, which is designed to be pre-loaded onto low-Earth orbit satellites, one of the main possible sources of space debris.