Global Brain and Mitsui Fudosan announced the investment in Axelspace Holdings (Axelspace), a company that develops space-based business technology using microsatellites, through 31VENTURES – Global Brain – Growth I Project, the JPY 30 billion venture investment project jointly managed with Mitsui Fudosan, mainly targeting growth stage startups.
Axelspace a wholly owned subsidiary of Axelspace Holdings Corporation, has been developing a next-generation Earth-observation platform “AxelGlobe” which will obtain images of everywhere on the planet with high frequency. With this funding, Axelspace plans to develop and launch five more optical satellites “GRUS” in 2023, which will complete “AxelGlobe” as a constellation of ten “GRUS” satellites in total. The completion will enable to observe anywhere on Earth once a day and it will open up its usage in wider fields than ever before.
This is the second investment from Growth I Project following the previous Series B, and we will continue to provide a wide range of support for future growth.
About Axelspace Holdings
- Location
- Tokyo, Japan
- Representative
- Yuya Nakamura
- Founded
- August, 2008
About Growth I Project
- Name
- 31VENTURES – Global Brain – Growth I Project
- General Partner
- Mitsui Fudosan Co., Ltd. and Global Brain Corporation
- Fund Size
- Size JPY 30 billion
About Global Brain
- Location
- Tokyo, Japan
- Representative
- Yasuhiko Yurimoto
- Founded
- January, 1998