Axelspace funds five of its ten Earth observation satellites

Give me five: The Japanese Earth observation startup Axelspace raised $24 million to fund a half of its planned ten …
Axelspace funds five of its ten Earth observation satellites
Axelspace team. Photo: Axelspace

Paris, 17 May 2021. – Give me five: The Japanese Earth observation startup Axelspace raised $24 million to fund a half of its planned ten satellite constellation, the company announced.

Axelspace said it completed its series C funding round raising $ 23.8 million; the round allocates new shares to The Space Frontier Fund and several other venture capital and corporate investors.

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With the fresh funding, the company plans to manufacture and launch five optical microsatellites named GRUS in 2023.

Axelspace develops a next-generation Earth-observation platform named AxelGlobe, with ten satellites in total and the capability of “obtaining images of the whole planet with high frequency”.

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