• Skip to main content
  • Skip to primary sidebar
  • Home
  • News
  • Featured
  • More News ⌄
    • SatNews
    • SatMagazine
    • MilSatMagazine
  • Events ⌄
    • MilSat Symposium
    • SmallSat Symposium
    • Satellite Innovation
  • Contacts
  • SUBSCRIPTION

SmallSat News

You are here: Home / News / Series E Funding Round Opened by Astroscale

Series E Funding Round Opened by Astroscale

May 18, 2020 by editorial

Astroscale Holdings Inc. (“Astroscale”) has opened a Series E funding round and has secured I-NET CORP. (I-NET), a leading Japanese data center provider, as its first investor for an undisclosed amount.

The additional financing will be used to broaden Astroscale’s current business services and achieve the company’s mission of securing a sustainable orbital environment.

Despite the many complications brought on by the onset of COVID-19, Astroscale has shown steady growth and success in the first half of 2020. In January, the company was awarded a grant of up to US $4.5 million from the Tokyo Metropolitan Government’s “Innovation Tokyo Project,” and in February, Astroscale was selected as commercial partner for Phase I of the Japan Aerospace Exploration Agency’s (JAXA) first debris removal project.

Astroscale’s offices in the United Kingdom and United States continue to make key additions to their management and technical teams and are well positioned to service future commercial and institutional customers. In addition to building technical capabilities and securing contracts, Astroscale continues to work with industry and government representatives to develop standards and best practices for safe and sustainable satellite servicing and debris removal.

Astroscale’s success in the first half of the year is expected to continue. Notably, in the later half of 2020 Astroscale is on track to launch its End-of-Life Services by Astroscale-demonstration (ELSA-d) mission, the world’s first demonstration of commercial orbital debris removal.

The Series E funding round will close by the end of 2020.

Nobu Okada, Founder and CEO of Astroscale, stated that daily lives have changed drastically and all have come to depend on satellite services at a whole new level during this unprecedented global crisis. Now, more than ever, it is evident that we need to take action to protect assets in space and, with the broadening of Astroscale’s business services, the company will be even better positioned to meet the challenges of orbital sustainability. The firm is grateful to I-NET as the first investor of this Series E funding round.

Filed Under: News

Primary Sidebar

WEEKLY NEWSLETTER

Archives

  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019

© 2019–2025 SatNews

x
Sign Up Now!

Enjoy a free weekly newsletter with recent headlines from the global SmallSat industry.

Invalid email address
We promise not to spam you. You can unsubscribe at any time.
Thanks for subscribing! You will now receive weekly SmallSat News updates.
We love our advertisers.
And you will too!

Please disable Ad Blocker to continue... We promise to keep it unobtrusive.
We promise not to spam you. You can unsubscribe at any time.
Invalid email address
Thanks for subscribing! Please check your email for further instructions.