# Letara

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

- Industry: Aerospace
- Headquarters: Sapporo, Japan
- Website: www.letaranext.com
- Total disclosed funding: $3.1M
- Latest round: Seed (Mar 11, 2025)
- Investors on record: 8

## About

Based in Hokkaido, Japan and founded in 2020, Letara Ltd. provides hybrid rocket engines and propulsion systems for rockets, small satellites, spacecraft and orbital-transfer vehicles in the aerospace and space technology industry. The company was founded by Landon Kamps (Co-Chief Executive Officer), Shota Hirai (Co-Chief Executive Officer) and Harunori Nagata (Chief Scientific Officer). In August 2026, Letara Ltd. raised JPY 2.6 billion in Pre-Series A funding. The round was co-led by new investors Headline Asia and JIC Venture Growth Investments and returning investor Incubate Fund, with participation from new investors Mitsui Sumitomo Insurance Venture Capital and mint. Returning investors Aozora Corporate Investment, SMBC Venture Capital, NES, Gogin Capital, Toyoda Gosei Co., Ltd., BIG Impact, Frontier Innovations and Mitsubishi UFJ Capital also participated. The company works with satellite manufacturers and operators, spacecraft developers, launch companies and government customers to provide high-thrust, plastic-fuelled hybrid rocket engines and propulsion systems for small satellites, spacecraft, launch vehicles and orbital-transfer vehicles. The company’s revenue is generated by developing and providing hybrid rocket engines and propulsion systems to satellite manufacturers and operators, launch companies and government customers. Its product offering includes high-thrust hybrid engines for launch vehicles and in-space propulsion systems for small satellites, spacecraft and orbital-transfer vehicles. The company plans to use the August 2026 funding for product development, commercialization of rocket engine technology, and talent recruitment.

## Funding rounds

- Seed, Mar 11, 2025 — SMBC Venture Capital, Japan Science and Technology Agency, Toyoda Gosei Co., Ltd., All Nippon Airways Trading Co., Ltd.
- Seed, Nov 29, 2024, $3.1M — Mitsubishi UFJ Capital, Incubate Fund, Hokkaido Research Institute for the Twenty-first Century, Kushiro Seisakusho

## Investors

- Mitsubishi UFJ Capital (https://capitalatlas.ai/funds/mitsubishi-ufj-capital) — Seed
- Incubate Fund (https://capitalatlas.ai/funds/incubate-fund) — Seed
- Hokkaido Research Institute for the Twenty-first Century (https://capitalatlas.ai/funds/hokkaido-research-institute-for-the-twenty-first-century) — Seed
- Kushiro Seisakusho — Seed
- SMBC Venture Capital (https://capitalatlas.ai/funds/smbc-venture-capital) — Seed
- Japan Science and Technology Agency — Seed
- Toyoda Gosei Co., Ltd. — Seed
- All Nippon Airways Trading Co., Ltd. — Seed