Y Combinator grad Spaceium raises oversubscribed $6.3M for space re-fueling

Here’s a summary of the details regarding the startup and fundraising mentioned in the text:

Startup Information

• Startup: Spaceium
• Founders:
  • Ashi Dissanayake
  • Reza Fetanat

Fundraising Details

• Fundraise Series: Seed Round
• Amount Raised: $6.3 million
• Lead Investor: Initialized Capital
• Date of Fundraise Announcement: 2023

Background Information

• Location: Ottawa, Canada
• Initial Working Environment: Tiny apartment, using a clothes dryer as a desk
• Incubator: Y Combinator

Company Vision

• Main Goal: Build a network of in-space refueling stations for spacecraft.

Competitive Landscape

• Competitors:
  • Orbit Fab (working on in-space refueling)
  • Astroscale (won a $25.5 million U.S. Space Force contract for refueling vehicle)

This summary encapsulates the essential details about Spaceium and their recent fundraising efforts.

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2025-01-23 14:00:00