Spaceium Announces $6.3M Seed Financing for Fueling in Space

Gunderson Dettmer represented client Spaceium, an in-space fueling startup, in its $6.3 million Seed financing led by Initialized Capital. Y Combinator grad, Spaceium, is a developer of a spacecraft docking system designed to conquer the challenges and expense of transporting, accessing and re-fueling in space. The company is planning a demo mission of their product capabilities later this year.

In the announcement of the transaction,  Spaceium cofounder Ashi Dissanayake said, “Our big mission would be to build the space super highway, where we have multiple refueling stations where a spacecraft can come dock, refill, and go about their way.”

The Gunderson Dettmer deal team was led by Mike Heath and included Joe McGinley and Natalie Kerr.

Companies
Spaceium
Initialized Capital