October Fundraising Round-Up
October 1 – In-space transportation services start-up Impulse Space, Inc. (Impulse Space) raised $150m in a Series B funding round led by Founders Fund, with participation from Lux Capital Management, LLC, DCVC Management Co., LLC and others. Impulse Space plans to use the new funding for production of its Helios and Mira spacecraft.
October 3 – Satellite terminal manufacturer ALL.SPACE Networks Limited raised $44m in a funding round led by BOKA Group, with participation from existing investors AE Industrial Partners, LP, Seraphim Space Manager LLP, Promus Holdings, LLC, and others. The company plans to use the new funding for the commercial launch of its first satellite terminal.
October 15 – Germany-based remote sensing start-up OroraTech GmbH (OroraTech) raised €25m in a Series B funding round led by Korys Investments NV, the European Circular Bioeconomy Fund and existing investor Bayern Kapital GmbH. Ororatech plans to use the funding to expand into new markets and advance development of its artificial intelligence capabilities and remote sensing satellite constellation.
October 16 – Canadian hyperspectral data start-up Wyvern Inc. raised $6m in a funding round led by early-stage venture capital firm Squadra Ventures, with participation from Uncork Capital, Inc., Y Combinator, LLC and others.
Read more related news in Space Business Review October 2024.
