Funding round
ClearSpace Series A
ClearSpace, which works in in-orbit servicing solutions in Luxembourg, raised $29M in a Series A round announced on 19 Jan 2023, led by OTB Ventures and Swisscom Ventures. 8 firms took part.
$29M
Amount raised
26,700,000 EUR converted
Not disclosed
Post-money valuation
8
Investors
2 leads
Valuation
What this round says about the price
ClearSpace did not disclose a valuation in this round. It is ClearSpace's first venture round on record, 5 years after it was founded in 2018. No later venture round is on record for ClearSpace.
ClearSpace's funding rounds
This is the only venture round on record for ClearSpace.
- Other not a venture round 30 Jun 2021 $4.3M
- Series A this round 19 Jan 2023, led by OTB Ventures and Swisscom Ventures $29M
Investors
Who put money in
OTB Ventures and Swisscom Ventures led the round with 6 other firms.
Lead investors
- OTB Ventures backs 27 venture-backed companies new investor
- Swisscom Ventures new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
32 Series A rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $20M, and this round was 1.4 times the median. The closest in time, other companies' Series A rounds in Aerospace and Defence:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| The Exploration Company Aerospace and Defence | 1 Feb 2023 | $44M | not disclosed | not named |
| Aerospace and Defence | 6 Dec 2022 | $13M | $108M | not named |
| Aerospace and Defence | 1 Feb 2023 | $4.2M | not disclosed | Main Sequence |
| Aerospace and Defence | 9 Mar 2023 | $14M | not disclosed | Munich Re Ventures |
| Aerospace and Defence | 21 Mar 2023 | $10M | not disclosed | AE Industrial Partners |
| Aerospace and Defence | 17 Apr 2023 | $29M | not disclosed | not named |
| True Anomaly Aerospace and Defence | 6 Apr 2023 | $17M | not disclosed | Eclipse |
| Aerospace and Defence | 13 Oct 2022 | $16M | not disclosed | Octave Ventures and undisclosed strategic investor |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did ClearSpace raise in its Series A round?
ClearSpace raised $29M in its Series A round, announced in Jan 2023.
Who led ClearSpace's Series A round?
OTB Ventures and Swisscom Ventures led it, with The Luxembourg Future Fund, Lakestar, In-Q-Tel, Happiness Capital and 600 T Space Investments and 1 more.
What was ClearSpace's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Aerospace and Defence?
32 Series A rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $20M, and this round was 1.4 times the median.