September Fundraising Round-Up
September 5 – Chinese launch services start-up Beijing Interstellar Glory Space Technology Co., Ltd. raised $99m in Series C and C+ funding rounds led by Xinding Capital and Sichuan Industrial Fund. The company plans to use the funds to advance development of its Hyperbola-3 launch vehicle.
September 23 – Sateliot IOT Services, S.L. (Sateliot), a Spanish start-up developing a satellite-based Internet-of-Things network, raised €30m in a Series B funding round led by Global Portfolio Investments SL. Sateliot intends to use the new funding to deploy its planned 100-satellite constellation.
September 27 – Italy-based space logistics and in-orbit servicing start-up D-Orbit SpA announced that its Series C investment round led by Marubeni Corporation, with participation from existing investors CDP Venture Capital Sgr, Seraphim Space Investment Trust, Indaco Venture Partners Sgr and others, raised a total of €150m in new funding, adding an additional €50m to the €100m received in January 2024.
Read more related news in Space Business Review September 2024.
