Axa Life Insurance contributed to a series F round which increased the corporate-backed satellite management and clearance service's total funding to $300m.
Japan-headquartered satellite servicing provider Astroscale completed a $109m series F round yesterday that included insurance group Axa’s Life Insurance subsidiary, hiking its overall funding to $300m.
The round was led by a Japan-based investment vehicle called The Fund and also featured Seraphim Space Investment Trust, DNCA Finance’s Invest Beyond Global Leaders fund, Japan Growth Capital Investment Corporation and IE Fast And Excellent.
Energy & Environment Investment’s EEI Fund 4 filled out the investors with Innovation Engine, Opus, Y’s Investment, Solaris ESG Master Fund, Prelude Structured Alternatives Master Fund, Chiba Dojo and Yamauchi-No 10 Family Office.
Astroscale services orbital satellites as well as retrieving them when they are taken out of commission and clearing orbital debris. It also provides situational awareness to satellites can be tracked.
The business model in effect serves as an adjunct to a series of space technology companies that have sprung up in recent years, including satellite…
