SpaceTech VCLink

SpaceTech startup TakeMe2Space has raised Rs 5.5 crore in a pre-seed round led by seafund, with participation from Blume Ventures, Artha Venture Fund, and AC Ventures. The funds will be used to launch MOI-1, India’s first AI laboratory in space, furthering the company's mission to advance satellite applications and real-time data processing in orbit. TakeMe2Space, founded by Ronak Kumar Samantray, has already collaborated with ISRO and aims to scale globally. Aviation Defence Universe (ADU Media) https://lnkd.in/ebjHhC2s #SpaceTech #SpaceTechnology

Sisir Radar has raised $1.5 million in seed funding led by Shastra VC, with participation from Riverwalk Holdings and Invstt. The Kolkata-based spacetech startup, founded in 2022 by Tapan Misra, Soumya Misra, and Urmi Bhambhani Misra, is aiming to strengthen its R&D and manufacturing capabilities to launch the world's highest resolution L-band SAR satellite by 2026. Inc42 Media https://lnkd.in/edDbwme7 #SpaceTech #SpaceTechnology

Magdrive has secured $10.5 million in seed funding to advance its high-power electric plasma thrusters and expand with a new U.S. office in Los Angeles. Investors in this round include redalpine, Balerion Space Ventures, Alumni Ventures, Founders Fund, Outsided Ventures, 7percent Ventures, and Entrepreneur First . Debra Werner | SpaceNews https://lnkd.in/eengWXa6 #SpaceTech #SpaceTechnology

K2 Space Corporation has secured $110M in Series B funding to scale production and expand its satellite bus platform. The round was co-led by Lightspeed and Altimeter Capital, with participation from Alpine Space Ventures, First Round Capital, and others. The company is developing its Gravitas mission to showcase its capability in medium-earth orbit and execute low Earth to MEO electric propulsion orbit raises. https://lnkd.in/eFd4i72a #SpaceTech #SpaceTechnology

Anisoprint, a composite fiber 3D printing technology pioneer, has been selected to participate in the Startup Support Program managed by European Space Resources Innovation Centre (ESRIC), in collaboration with Technoport SA, the Luxembourg Space Agency, LIST, and ESA. This initiative aims to foster technological advancements in space resource utilization. Anisoprint's expertise in lightweight composite structures positions them as a key player in adapting 3D printing for weightless environments.? Space Watch https://lnkd.in/e9UYx-VM #SpaceTech #SpaceTechnology

ArkEdge Space Inc. has successfully raised $51.7 million in Series B funding, with participation from Incubate Fund, JIC Venture Growth Investments, and WiL. The funding will support ArkEdge's efforts in developing commercial satellite constellations for maritime communication, Earth observation, and lunar navigation. Investors, including MUFG and SMBC Venture Capital, recognize the company's role in shaping Japan’s space industry and global positioning capabilities. Matt Swayne | Space Insider https://lnkd.in/e-tsMQAX #SpaceTech #SpaceTechnology

AUDACIA's subsidiary, Expansion Ventures, has announced the first close of its sustainable aerospace and defense-focused pan-European VC fund, Expansion SLP, raising €137M out of a €200M target. With 19 investments to date, the fund aims to support startups involved in micro-launchers, satellite constellations, in-orbit services, and decarbonized aviation. dakota https://lnkd.in/eiAWm4me #SpaceTech #SpaceTechnology

Mumbai-based space startup Manastu Space has announced the successful in-space test of its self-developed thruster, Vyom 2U, via the PSLV Orbital Experimental Module-4 (POEM). This marks a significant step forward in green propulsion technology for the space industry. Construction World https://lnkd.in/ev_VSU5C #SpaceTech #SpaceTechnology

New York-based startup Cofactr has raised $17.2 million in a Series A round led by Bain Capital, alongside Y Combinator and other investors, to enhance its supply chain and logistics platform for high-compliance industries like aerospace. Cofactr's platform supports aerospace and defense companies while also serving industries like robotics and automotive, aiming to bridge critical gaps in supply chain management. Debra Werner | SpaceNews https://lnkd.in/gdfdpjJA #SpaceTech #SpaceTechnology

Fleet Space Technologies has secured $100 million in a Series D round to scale its ExoSphere platform for real-time mineral prospecting using satellite technology. Key investors include Teachers’ Venture Growth (TVG), along with Blackbird Ventures, Hostplus, Horizons Ventures, Artesian Venture Partners, and Alumni Ventures. The startup, valued at $525 million, is also expanding its presence in space exploration, with plans to send a payload to the moon by 2026. Aria Alamalhodaei | TechCrunch https://lnkd.in/enY3-8MP #SpaceTech #SpaceTechnology