NorthStar Earth & Space Closes $35M Series C Funding Round & More Trending News
Rendering of NorthStar Earth & Space satellite tv for pc, by way of Spire house companies. Photo: NorthStar
Canadian house startup NorthStar Earth & Space raised $35 million in its Series C funding spherical, the corporate introduced Thursday. NorthStar is working to supply space-based house situational consciousness (SSA) companies and stated this funding will speed up its time to product launch.
Cartesian Capital Group led the spherical by way of Pangaea Three Acquisition Holdings III. The spherical additionally contains funding from Telesystem Space; the Luxembourg Future Fund; the federal government of Quebec by way of Investissement Quebec; and the Luxembourg Space Sector Development Fund, which is supported by SES and the Luxembourg authorities.
Cartesian companions Beth Michelson and Paul Pizzani will be a part of NorthStar’s board of administrators.
“Cartesian recognizes the transformational potential of NorthStar’s next generation services for the space economy,” Michelson stated. “NorthStar’s unique approach to providing complete coverage of space is critical to safeguarding essential space infrastructure.”
NorthStar is utilizing Spire’s house companies to deploy its constellation of 24 satellites by way of the Spire house infrastructure. It goals to watch all near-Earth orbits from house and to ship object detection, monitoring, orbit willpower, collision avoidance, navigation, and proximity alerts to the satellite tv for pc neighborhood.
NorthStar signed the Spire deal in March 2022 for the preliminary three satellites, with the choice to scale the constellation. The first three satellites are set to launch on a Virgin Orbit mission deliberate for mid-2023.
“NorthStar is privileged to have the support of Cartesian to lead an international consortium of experienced and industry savvy investors,” stated Stewart Bain, CEO of NorthStar. “The prestigious array of participants reflects the immense importance of NorthStar’s mission to preserve the space environment now and for future generations.”
NorthStar Earth & Space Closes $35M Series C Funding Round
NorthStar Earth & Space Closes $35M Series C Funding Round
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NorthStar Earth & Space Closes $35M Series C Funding Round