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ElevationSpace Inc. Raises $40.0M

Recently funded · $40.0M Series bTechnology, Information and MediaJPView source

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The ambitious vision of conducting space experiments without relying on the International Space Station just received a significant financial boost. ElevationSpace Inc., the startup developing small satellites designed to serve that very purpose, has closed its Series b funding round, securing $40.0M.

This latest capital infusion underscores growing interest in alternative space infrastructure. The round saw participation from a notable syndicate of investors, including SPARX Asset Management, Beyond Next Ventures, Energy & Environment Investment, NTT DOCOMO Ventures, Toyoda Gosei, and Dai Nippon Printing.

"ElevationSpace Secures US $40 Million in Series B Funding, Bringing Total Raised to US $63.5 Million. The funding will boost the company’s domestic and international business and service development. ElevationSpace Inc.

(CEO: Ryohei Kobayashi), a company developing Space-to-Earth transportation as well as a Space Environment Utilization and Recovery Platform, has raised a total of US $40 million in its Series B round through a third-party allotment of shares from investors including SPARX Asset Management, Beyond Next Ventures, Energy & Environment Investment, NTT DOCOMO Ventures, Toyoda Gosei and Dai Nippon Prin

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