Japan’s space debris removing startup Astroscale secures $74M in series G round

Image credit: Astroscale Holdings

Tokyo-based Astroscale Holdings, the Japanese startup offering space debris removal services, has secured approximately 10.1 billion yen (about $74 million) in a Series G round, which brought the startup’s total funding sum up to 43.5 billion yen (about $319 million). This follows their Series F round back in November of 2021.

Investors participating in the latest round are:

  • Mitsubishi Electric (TSE: 6503)
  • Yusaku Maezawa
  • Mitsubishi UFJ Bank
  • Mitsubishi Corporation (TSE: 8058)
  • Development Bank of Japan
  • FEL

In May, Astroscale successfully demonstrated the guided approach of the ELSA-d debris removal technology demonstration satellite. In addition, for the launch of the EKSA-M actual operation satellite, the company signed a €14.8 million deal with US satellite operator OneWeb, UKSA and ESA (space agencies under the UK and European Union governments). They also secured 1.7 million pounds from UKSA for the removal of two British orbiting satellites in September,

Since the Series F round back in November of 2021, the company’s workforce has grown by more than 63 percent, reaching about 400 employees globally.

via PR Times