Spacetech startup EtherealX in talks to raise $20-25 million from TDK, Accel, Prosus

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EtherealX, a spacetech startup that develops reusable launch vehicles for satellites, is in talks to raise approximately $20-25 million in a funding round led by TDK Ventures, the venture capital arm of Japanese electronics firm TDK Corporation, people aware of the matter told ET. Early-stage investment firm Accel, Dutch investor Prosus, YourNest, Bluehill, and BIG Global Investments are also participating, one of the persons said.

“The negotiations are ongoing and are at an advanced stage. Some existing backers could also join the round,” the…



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Spacetech startup EtherealX in talks to raise $20-25 million from TDK, Accel, Prosus



EtherealX, a spacetech startup that develops reusable launch vehicles for satellites, is in talks to raise approximately $20-25 million in a funding round led by TDK Ventures, the venture capital arm of Japanese electronics firm TDK Corporation, people aware of the matter told ET. Early-stage investment firm Accel, Dutch investor Prosus, YourNest, Bluehill, and BIG Global Investments are also participating, one of the persons said.

“The negotiations are ongoing and are at an advanced stage. Some existing backers could also join the round,” the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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