November Investment Activity
November 2 – Zephr, a start-up working to develop a networked global positioning system (GPS) solution that leverages mobile devices as base stations in order to advance GPS accuracy and reliability, marked its emergence from stealth with the announcement of a $3.5m seed investment round led by Space Capital and First Spark Ventures.
November 2 – Finland-based hyperspectral imagery start-up Kuva Space announced that it raised €16.6m in a Series A investment round led by existing investors Voima Ventures and Nordic Foodtech VC, with participation from Earth VC and other private equity investors through Springvest, a Finland-based growth fund. The company plans to deploy up to 100 satellites for its planned hyperspectral constellation by 2030.
November 10 – Firefly Aerospace announced that it raised $300m in its Series C investment round from both existing investors, including AE Industrial Partners, and new investors, including Mitsui & Co., Ltd., bringing to $572m the total amount of funding raised by the company to date. The announcement follows the successful performance of the VICTUS NOX mission in September of this year, when the launch services provider orbited a space domain awareness satellite for the U.S. Space Force using the Alpha launch vehicle.
Read more related news in Space Business Review November 2023.
