China-based satellite launch services provider MinoSpace has raised RMB100m ($14.4m) in series A2 funding from investors including family robot developer Nxrobo, Space News has reported.
Private equity firm Billionhome Capital led the round, which came after an eight-figure series A-plus round featuring Nxrobo, packaging manufacturer Yongxin Group’s Kexin Capital unit, CAS Star, Shenzhen Capital Group and Yonghua Capital in September 2019.
MinoSpace has so far launched a total of four satellites across the cities of Jiuquan and Taiyuan and the funding will support its activities focusing on satellites above 200kg in weight.
The company has completed four funding rounds according to DealStreetAsia and its earlier investors include state-owned space services provider China Aerospace Science and Industry Corporation’s Essential Capital unit, Amphora Capital, Feng Yang Capital and CPG Capital Partners.
Image courtesy of MinoSpace.
