Fleet Space Secures $100M Series D Funding Round
Deal News | Dec 12, 2024 | Momenta Partners AG
Fleet Space Technologies, supported by Momenta Partners AG, has successfully raised $100 million in a Series D funding round, with the investment led by Teachers' Venture Growth and joined by former investors such as Blackbird Ventures and Horizons Ventures. This substantial financial backing highlights Fleet Space's pioneering role in space-based mineral exploration. Utilizing nano-satellites to advance the exploration of rare-earth minerals, Fleet Space is positioned as a major player in the global energy transition. The funding will enhance its ExoSphere platform, which integrates real-time 3D imaging and AI for mineral exploration, reducing environmental impacts while increasing efficiency. The company is expanding globally with a diverse team of over 130 employees. This investment marks a significant milestone in Fleet Space's journey from a startup to an industry leader, showcasing Momenta Partners' foresight in investing in visionary technologies.
Sectors
- Space Technology
- Mining
- Venture Capital
Geography
- Global – Fleet Space Technologies is expanding its operations across multiple countries including the U.S., Canada, Chile, and Luxembourg, indicating a global geographical relevance.
- Australia – Fleet Space Technologies is based in Australia and a significant portion of its operations and developments is centered here.
Industry
- Space Technology – Fleet Space Technologies operates within the space technology sector, primarily focusing on the use of nano-satellites for various applications, including mineral exploration.
- Mining – Fleet Space's innovative solutions are applied in the mining industry, particularly in aiding the exploration of critical minerals necessary for the global energy transition.
- Venture Capital – The article discusses the investment activities involving venture capital firms like Teachers' Venture Growth and Momenta Partners, reflecting their interest in high-impact technological innovations.
Financials
- 100,000,000 – The amount raised by Fleet Space Technologies in Series D funding.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Fleet Space Technologies | Target Company | Companies | A company focused on using space technology to facilitate mineral exploration and global energy transition solutions. |
| Momenta Partners AG | PE Firm | Companies | Private equity firm that is an early investor in Fleet Space, specializing in industrial impact investments. |
| Teachers' Venture Growth | Lead Investor | Companies | Lead investor in Fleet Space's $100M Series D funding round, focusing on high-growth tech investments. |
| Blackbird Ventures | Investor | Companies | A returning investor participating in the Series D round. |
| Horizons Ventures | Investor | Companies | Another existing investor participating in the Series D round. |