# NaraSpace

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

- Industry: Aerospace
- Headquarters: Seoul, South Korea
- Website: www.naraspace.com
- Total disclosed funding: $23M
- Latest round: Series B (May 22, 2024)
- Investors on record: 10

## About

Based in Busan, South Korea, founded in 2015, NaraSpace Technology, dba NaraSpace operates as a manufacturer of nano-satellite, intended for Earth observation. The company also provides satellite data to help customers make data-driven decisions in various verticals. The firm was co-founded by its CEO, Jae-pil Park, CTO, Seongwhan Lee, and COO, Jay Oh, and in May 2022, the company raised KRW 10 billion in Series A funding led by investors BNK Venture Capital, Hi Investment Partners, POSCO Capital, along with participation from other investors.

NaraSpace designs and manufactures precision nano-satellites that are used for monitoring Earth. The company operates nanosatellite constellations namely Observer, and Busansat, and collects geospatial data to assist stakeholders to make informed decisions in the domains of forestry, agriculture smart city, disaster prediction, ESG, etc.

NaraSpace intends to launch its data mining platform called Earthpaper in Q3, 2022. It collects and provides data insights that help customers make better decisions in various fields/applications.

## Funding rounds

- Series B, May 22, 2024, $15M — Korea Development Bank, Shinhan Venture Investment, Posco Investment, BNK Venture Capital, Samsung Securities, Hana Ventures, T Investment, JB Woori Capital, iM Investment Partners
- Series A, May 3, 2022, $7.9M — Korea Development Bank, Posco Investment, BNK Venture Capital, Hana Ventures, Kolon Glotech, iM Investment Partners

## Investors

- Korea Development Bank (https://capitalatlas.ai/funds/korea-development-bank) — Series A, Series B
- Posco Investment (https://capitalatlas.ai/funds/posco-investment) — Series A, Series B
- BNK Venture Capital (https://capitalatlas.ai/funds/bnk-venture-capital) — Series A, Series B
- Hana Ventures — Series A, Series B
- Kolon Glotech — Series A
- iM Investment Partners (https://capitalatlas.ai/funds/im-investment-partners) — Series A, Series B
- Shinhan Venture Investment (https://capitalatlas.ai/funds/shinhan-venture-investment) — Series B
- Samsung Securities — Series B
- T Investment (https://capitalatlas.ai/funds/t-investment) — Series B
- JB Woori Capital — Series B