Sunday, November, 17, 2019 08:47:29
  • The latest funding round brings the total capital raised by the company to approximately $132 million
  • The names of the investors who participated in the latest funding round were not disclosed

Astroscale Holdings Inc., (Astroscale) a renowned orbital debris removal firm based out of Japan, has reportedly announced that it has raised approximately $80 million in an extended Series D financing round.

Reports cite, the latest funding round brings the total capital raised by the company till date to approximately $132 million. The names of the investors who participated in the latest funding round were not disclosed.

According to a press release by Astroscale, the company also announced the opening of its new office in the United States, located in Denver, Colorado, which adds a new strategic U.S-based base of operations to its already established set of entities that are located across the United Kingdom, Singapore and Japan.

The Founder & CEO of Astroscale, Nobu Okada stated that the latest developments mark a significant milestone for the company, making it a thrilling time for its employees as well as its future customers. Okada further added that the U.S. has been extremely proactive in addressing issues pertaining to orbital debris mitigation & space traffic management. The U.S office would enable the company to work with business leaders & policy makers more closely to develop a sustainable solution to this global issue.

The company’s Denver office would be led by Ron Lopez, who would be coming onboard as a Managing Director. Lopez would be bringing more than 25 years’ worth of aerospace experience to the company having previously worked in the U.S. Air Force, Honeywell Aerospace & Boeing.

According to reports, the company had announced its $50 million Series D funding round back in October 2018 with investments from Innovation Network Corporation, UTokyo Innovation Platform & Mitsubishi Estate.