Space rocket producer LandSpace, a Tsinghua University spinout, has now raised about $200m in all from investors including Xidian University and 36kr Media.
LandSpace, a China-based space rocket manufacturer spun out of Tsinghua University, obtained RMB500m ($71m) yesterday in a series C round led by venture firm Country Garden Venture Capital.
Founded in 2015, LandSpace develops and operates space rockets on behalf of commercial clients, primarily targeting small and medium-sized enterprises in the space sector.
The series C funding will fund the development of a liquid-propelled rocket and reusable spacecraft technology.
LandSpace has now secured approximately $200m in funding altogether.
