CAS Star-backed MinoSpace has added $46m in pre-series B funding to its coffers.
MinoSpace, a China-based satellite launch services provider MinoSpace has collected almost RMB300m ($46m) in a pre-series B round co-led by Lightspeed China Partners, Gopher Asset Management and Power Capital, according to DealStreetAsia.
MinoSpace, also known as Weina Star Technology, focuses on developing platforms and payloads, as well as ground station terminals.
The company secured $14.4m in a series A2 round backed by family robot developer Nxrobo and led by private equity firm Billionhome Capital in March 2020.
CAS Star, a vehicle for Chinese Academy of Sciences, contributed to an eight-figure series A-plus round in September 2019, when Nxrobo, packaging manufacturer Yongxin Group’s Kexin Capital unit, Shenzhen Capital Group and Yonghua Capital also invested.
