Japan-based Astroscale raises $109M series F round

"With this latest round, Astroscale has raised $300 million, providing the company with capital to move ahead on several initiatives for servicing satellites and removing debris. That includes its End-of-Life Services by Astroscale-demonstration (ELSA-d) mission, which demonstrated in August the ability to release and capture an object in orbit. Another demonstration of ELSA-d’s ability to capture a tumbling object is expected to take place before the end of the year.

“'This latest round of funding will dramatically accelerate our ability to make on-orbit servicing routine by 2030,' Nobu Okada, founder and chief executive of Astroscale, said in a statement. 'It also shows that investors around the world acknowledge the tremendous potential in the emerging on-orbit servicing market, which will revolutionize the future of space.'”