# Spaceium

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

- Industry: Aerospace
- Headquarters: Long Beach, US
- Website: www.spaceium.com
- Total disclosed funding: $6.3M
- Latest round: Seed (Jan 22, 2025)
- Investors on record: 15

## About

Based in California, US, and founded in 2023 by Ashi Dissanayake and Reza Fetanat, Spaceium Inc. specializes in establishing in-orbit service stations for spacecraft fuel storage and supply. In January 2025, Spaceium raised USD 6.3 million in seed funding led by Initialized Capital, with participation from Alumni Ventures Group, Calm Ventures, Gaingels, Initialized Capital, Olive Tree Capital, Zeno Ventures, DTX Ventures, a16z, Crosscourt Ventures, Spacedust Ventures, Capitalize Money, Inc., Outfit Ventures, Mergus Ventures, Hydrocarbon Minerals, Y Combinator, individuals, and other unspecified investors also participated in the round.

Spaceium specializes in providing in-orbit service stations strategically located along the space superhighway. These service stations are designed to store fuel and supply it to spacecraft, addressing a critical challenge in the space industry: fuel accessibility. By enabling spacecraft to refuel while in orbit, Spaceium's offerings facilitate longer missions, accommodate larger payloads, and support extended travel to distant destinations. The target customer base includes commercial spaceflight operators, government space agencies, and research organizations seeking to optimize their space missions. These services are intended for use in low Earth orbit and beyond, focusing on key geographical markets such as North America, Europe, and parts of Asia, where there is a growing interest in space exploration and commercial space activities.

Spaceium’s revenue model is structured around direct transactions with businesses and governmental entities that require fuel for their spacecraft. These transactions typically involve contracts for fuel supply and service agreements for ongoing maintenance and support of the service stations. Clients may engage Spaceium through B2B partnerships, ensuring a steady supply of fuel for their missions. 

The company plans to use its proceeds from January 2025 funding to enhance its technology and capabilities for orbiting refuelling.

## Funding rounds

- Seed, Jan 22, 2025, $6.3M — Y Combinator, Initialized Capital, Alumni Ventures Group, Outfit Ventures, Gaingels, Zeno Ventures, Capitalize Money, Inc., Olive Tree Capital, Calm Ventures, a16z, DTX Ventures, Crosscourt, Spacedust Ventures, Mergus Ventures, Hydrocarbon Minerals

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Initialized Capital (https://capitalatlas.ai/funds/initialized-capital) — Seed
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Seed
- Outfit Ventures (https://capitalatlas.ai/funds/outfit-ventures) — Seed
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Seed
- Zeno Ventures (https://capitalatlas.ai/funds/zeno-ventures) — Seed
- Capitalize Money, Inc. — Seed
- Olive Tree Capital (https://capitalatlas.ai/funds/olive-tree-capital) — Seed
- Calm Ventures (https://capitalatlas.ai/funds/calm-ventures) — Seed
- a16z — Seed
- DTX Ventures (https://capitalatlas.ai/funds/dtx-ventures) — Seed
- Crosscourt (https://capitalatlas.ai/funds/crosscourt) — Seed
- Spacedust Ventures — Seed
- Mergus Ventures — Seed
- Hydrocarbon Minerals — Seed