Astroscale finds space for $25m

Jul 18, 2017 • Robert Lavine

ANA Holdings and OSG Corporation will supply technical assistance to the space debris reduction technology developer, after taking part in its series C round.

Singapore-based space debris removal technology developer Astroscale has closed a $25m series C round backed by aviation group ANA Holdings and industrial machine manufacturer OSG Corporation.

Mitsubishi UFJ Capital, the venture capital arm of Mitsubishi UFJ Financial Group, also took part in the round, as did public-private partnership Innovation Network Corporation of Japan (INCJ), investment firm Jafco and aStart.

Astroscale is working on satellite technology that will be able to get rid of some of the estimated 750,000 pieces of…

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