SoftBank Group Corp's Vision Fund has invested in a Japanese biotechnology company, the startup said Friday, marking its first investment in a domestic firm. Aculys Pharma Inc, based in Fujisawa in Kanagawa Prefecture, said it has raised a total of 6.8 billion yen ($60 million) from the tech investor, Sumitomo…
Japanese satellite firm Axelspace raises $24m in Series C funding
Axelspace Management Team.
May 18, 2021
Axelspace, one of Japan’s pioneers in microsatellite technology, announced raising $24 million in a Series C funding round from a slew of local venture investors.
Sparx Innovation participated in the funding round through The Space Frontier Fund while Sumitomo Mitsui Trust Investment Co joined via its Japan Co-Invest III Limited Partnership.
Japan Post Investment Group, via Japan Post Invest I LP, and Mitsubishi UFJ Capital Co, through Mitsubishi UFJ Capital VII, and Global Brain Corporation also joined in the funding round.
Axelspace has been developing a next-generation Earth-observation platform named AxelGlobe, which has the capability of obtaining images of the whole planet with high frequency.