Takasago Thermal Engineering and Mitsui Sumitomo Insurance made strategic investments in the moon exploration business, which has now raised $125m in total.
Japan-based lunar exploration company iSpace has secured $28m in series B funding from investors including air conditioning equipment maker Takasago Thermal Engineering and insurance provider Mitsui Sumitomo.
Venture capital firm Incubate Fund led the round through its SPV 1st Investment Partnership, and it also featured Space Frontier Fund, a vehicle managed by asset management firm Sparx.
Founded in 2010, iSpace is looking at building a moon exploration business, and will channel the series B funds into development of a lunar…
