December 21, 2023
Global Brain has decided to invest in Axelspace Holdings, a provider of microsatellite business, as the lead investor in Series D round
Global Brain has decided to invest in Axelspace Holdings (Axelspace), a provider of microsatellite business, through its SMBC-GB Growth Fund as the lead investor.
This round of investment is also joined by 31VENTURES – Global Brain – Growth I Project (Growth I Project), KURONEKO Innovation Fund (KURONEKO Fund), and EP-GB L.P. (EP-GB).
Global Brain previously invested in the company through its Growth I Project in May 2021 and December 2018 as well as GB-V Growth Fund Investment Limited Partnership in September 2015. https://globalbrains.com/en/posts/follow-on-investment-in-axelspace https://globalbrains.com/en/posts/invested-in-axelspace https://globalbrains.com/posts/727 (in Japanese)
Since its establishment in 2008, Axelspace has been developing its space business utilizing microsatellites, and has developed, launched, and operated nine commercial satellites, including one for the Japan Aerospace Exploration Agency (JAXA). Currently, in addition to the "AxelGlobe" business, a unique earth observation service that Axelspace has, the company is conducting research and development to realize an innovative one-stop service that provides everything from desktop research to design and manufacturing, launch, and on-orbit operation of small satellites as part of the "AxelLiner" business announced in 2022. Axelspace plans to launch a demonstration satellite in 2024 for “AxelLiner.”
Global Brain will continue to provide variety of support for the creation of global unicorns from Japan by making maximum use of domestic and overseas resources.
About Axelspace Holdings
- Location
- Tokyo, Japan
- Representative
- Yuya Nakamura
- Founded
- August 2008
- URL
- https://www.axelspace.com/
About SMBC-GB Growth Fund
- Name
- SMBC-GB Growth I Investment Limited Partnership
- General Partners
- SMBC Venture Capital Management Co., Ltd. and Global Brain Corporation
- Limited Partner
- Sumitomo Mitsui Banking Corporation (SMBC)
- Fund Size
- JPY 30 billion
About Growth I Project
- Project Name
- 31VENTURES – Global Brain – Growth I Project
- Operators
- Mitsui Fudosan Co., Ltd. and Global Brain Corporation
- Project Size
- JPY 30 billion
About KURONEKO Fund
- Name
- KURONEKO Innovation Fund
- General Partner
- Global Brain Corporation
- Fund Size
- JPY 5 billion
About EP-GB
- Name
- EP-GB L.P.
- General Partner
- Global Brain Corporation
- Fund Size
- JPY 5 billion
About Global Brain
- Location
- Tokyo, Japan
- Representative
- Yasuhiko Yurimoto
- Founded
- January 1998
- URL
- https://globalbrains.com/