UTokyo Innovation Platform has backed a $22.8m investment round for Axelspace that will fund the launch of the Tokyo spinout's latest satellite.

Axelspace, a Japan-based small satellite builder spun out of University of Tokyo (UTokyo), has closed a ¥2.6bn ($22.9m) series B round backed by university venture fund UTokyo Innovation Platform. 31Ventures Global Innovation Fund, a joint venture between real estate developer Mitsui Fudosan’s 31 Ventures investment vehicle and investment firm Global Brain, led the round. Diversified conglomerate…

The rest of this content is only accessible to Subscribers.

This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.