Space rocket producer LandSpace, a Tsinghua University spinout, has now raised about $200m in all from investors including Xidian University and 36kr Media.
LandSpace, a China-based space rocket manufacturer spun out of Tsinghua University, obtained RMB500m ($71m) yesterday in a series C round led by venture firm Country Garden Venture Capital.
Founded in 2015, LandSpace develops and operates space rockets on behalf of commercial clients, primarily targeting small and medium-sized enterprises in the space sector.
The series C funding will fund the development of a liquid-propelled rocket and reusable spacecraft technology.
LandSpace has now secured approximately $200m in funding altogether.
Shanghai Yi Sheng Investment and Luxin Venture Capital joined undisclosed additional investors for the spinout’s most recent funding round, a $14m series B-plus-plus, according to China Money Network, but the timing could not be confirmed.
Xidian University’s venture fund featured in a $43m series B-plus round led by China Growth Capital in November 2018, investing alongside 36kr Fund, an investment vehicle for online news portal 36kr Media,…
