# ispace

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ispace

- Industry: Aerospace
- Headquarters: Tokyo, Japan
- Website: www.ispace-inc.com/jpn
- Total disclosed funding: $168M
- Latest round: Series C (Oct 20, 2021)
- Investors on record: 23

## About

ispace, inc. is a Japan-based company specializing in lunar exploration and the development of space infrastructure, focused on utilizing lunar water resources for future space missions.Founded in 2010 and headquartered in Tokyo, Japan, ispace, inc. focuses on lunar exploration and infrastructure development. The company is led by CEO Julien Lamamy and was founded by Takeshi Hakamada. It has secured JPY 900.00 mn in its latest funding round from Japan Finance Corporation as part of its strategic initiatives.ispace specializes in lunar exploration and the development of space-based infrastructure, primarily focusing on the utilization of lunar water resources. The company's core offerings include advanced lunar robotic technologies designed to prospect and map water sources on the Moon, which are pivotal for future space missions. These technologies aim to enable the extraction and processing of water into hydrogen and oxygen, which can serve as fuel for further exploration and potential lunar habitation. ispace targets a diverse client base, including government space agencies, private space exploration companies, and commercial partners in sectors such as construction, energy, and agriculture. The main geographical markets for ispace's products and services extend beyond Japan and include the United States and Australia, where strategic partnerships and collaborations are being established to advance lunar missions.ispace's revenue structure is derived from its partnerships and strategic collaborations with various organizations within the aerospace and technology sectors. The company engages in business transactions that typically involve B2B relationships, particularly with government agencies and private enterprises focused on lunar exploration. Revenue is generated through a combination of project-based contracts and potentially long-term agreements for the deployment of its lunar robotic systems and technologies. The transactional dynamics emphasize the establishment of Memorandums of Understanding (MOUs) and partnerships which outline specific roles, responsibilities, and financial arrangements for lunar missions. Revenue figures are closely tied to the successful completion of milestones during missions, which are critical for securing funding and investment from strategic partners and government sources.ispace, inc. plans to leverage its latest funding of JPY 900.00 mn to support its second lunar mission set for launch in 2023 and to further develop its Series 2 lunar lander for a third mission planned for 2024. This includes expanding into new markets in the United States and Australia as part of its strategic initiatives. The Series 2 lander is currently being developed in the United States to enhance its capabilities for future lunar exploration.

## Funding rounds

- Series C, Oct 20, 2021 — Axiom Asia Private Capital, Airbus Ventures
- Series C, Aug 4, 2021, $46M — Innovation Engine, Incubate Fund, SBI Investment, Aizawa Asset Management, AIZAWA Investments, HiJoJo Partners
- Series B, Aug 19, 2020, $28M — Mitsui Sumitomo Insurance, SPARX Group, Incubate Fund, Takasago Thermal Engineering
- Series A, Feb 16, 2018, $1.9M — TOHOKU University Venture Partners
- Series A, Dec 12, 2017, $90M — Development Bank of Japan, KONICA MINOLTA, INC., Dentsu, KDDI, Japan Airlines Corporation, INCJ, SPARX Group, Shimizu, Tokyo Broadcasting System, Inc, TOPPAN Holdings, UntroD Capital, Suzuki Motor Corporation
- Seed, Oct 20, 2016, $2M — Incubate Fund
- Seed, May 1, 2013, $0.1M — Incubate Fund

## Investors

- Incubate Fund (https://capitalatlas.ai/funds/incubate-fund) — Seed, Series B, Series C
- Development Bank of Japan (https://capitalatlas.ai/funds/development-bank-of-japan) — Series A
- KONICA MINOLTA, INC. — Series A
- Dentsu — Series A
- KDDI — Series A
- Japan Airlines Corporation — Series A
- INCJ — Series A
- SPARX Group (https://capitalatlas.ai/funds/sparx-group) — Series A, Series B
- Shimizu — Series A
- Tokyo Broadcasting System, Inc — Series A
- TOPPAN Holdings — Series A
- UntroD Capital — Series A
- Suzuki Motor Corporation — Series A
- TOHOKU University Venture Partners (https://capitalatlas.ai/funds/tohoku-university-venture-partners) — Series A
- Mitsui Sumitomo Insurance — Series B
- Takasago Thermal Engineering — Series B
- Innovation Engine (https://capitalatlas.ai/funds/innovation-engine) — Series C
- SBI Investment (https://capitalatlas.ai/funds/sbi-investment) — Series C
- Aizawa Asset Management (https://capitalatlas.ai/funds/aizawa-asset-management) — Series C
- AIZAWA Investments (https://capitalatlas.ai/funds/aizawa-investments) — Series C
- HiJoJo Partners (https://capitalatlas.ai/funds/hijojo-partners) — Series C
- Axiom Asia Private Capital (https://capitalatlas.ai/funds/axiom-asia-private-capital) — Series C
- Airbus Ventures (https://capitalatlas.ai/funds/airbus-ventures) — Series C