Tokyo-based Earth observation company
Axelspace completed a successful Series C fundraising campaign that netted 2.58 billion Japanese Yen ($23.8 million) from investors including
The Space Frontier Fund, Japan Co-Invest III Limited Partnership, 31Ventures, Kyocera, and
Mitsubishi UFJ Capital.
As a result, Axelspace will allocate new shares of the company to the new investor group.
Axelspace has been developing a next-generation Earth Observation (EO) platform named AxelGlobe, which will run off of a constellation of 10 microsatellites. The company launched four of those satellites in March and plans to orbit the remaining six spacecraft by the end of 2023. Once complete, the constellation will enable Axelspace to capture daily monitoring data anywhere on the Earth.