Business & Economy Startups Space sustainability company Astroscale receives US$30M funding, expands to US

Space sustainability company Astroscale receives US$30M funding, expands to US




- Advertisement -

The company focusses in developing a space debris removal service to secure long-term orbital sustainability with established entities in Singapore, Japan, and the United Kingdom

Astroscale Holdings Inc. (“Astroscale”), the company that provides space debris removal service for long-term orbital sustainability, announced the opening of its new office based in Denver, Colorado (“Astroscale U.S.”), adding a strategic United States base to its entities in Singapore, Japan, and the United Kingdom.

Along with the opening of a new office, Astroscale also secured an additional US$30 million in an extension of its Series D investment round. The investors in this round are INCJ, Ltd., Japan Co-Invest II Limited Partnership (Sumitomo Mitsui Trust Investment Co., Ltd.), Space aSTART 1 Limited Partnership (aSTART Co., Ltd.), Innovation Platform 1 Investment Limited Partnership (UTokyo Innovation Platform Co., Ltd.), and angel investor Joe Hirao.

The additional funding brings the total Series D amount to US$80 million and total capital raised to US$132 million.

- Advertisement -

“The United States has been active in addressing issues related to space traffic management and the mitigation of orbital debris. An office in the United States will allow us to work closely with policymakers and business leaders to devise a sustainable solution for this global issue,” said Nobu Okada, Founder, and CEO of Astroscale.

Astroscale U.S. will focus on business development and technology growth and will be led by Ron Lopez as Managing Director, bringing over 25 years of government and industry experience in the aerospace sector, including at the United States Air Force and The Boeing Company as well as leading the Defense & Space Asia Pacific sales team at Honeywell Aerospace.

Also Read: IIX receives US$887K grant from Australian government for gender lens investing

The global management team is rounded out by Chris Blackerby, Group Chief Operating Officer, who formerly served at NASA for nearly fifteen years, including as the NASA Attaché for Asia; Ai Makino, Chief Financial and Administrative Officer that has experience leading financial and personnel teams at several global startups; and John Auburn, Chief Commercial Officer, an expert in the aerospace sector, especially within European space industry.

The post Space sustainability company Astroscale receives US$30M funding, expands to US appeared first on e27.

Source: E27

- Advertisement -