Starfish Space has closed a $100M+ Series B as it works towards the launch of its first full Otter mission this year.
Point72 Ventures led the round, which was also co-led by Activate Capital and Shield Capital. The round also included participation from Industrious Ventures, NightDragon, and several existing investors in the company.
An-otter one: It’s been three years since Starfish raised its $14M Series A—and the company is in a significantly different place today. The company has hit several milestones since then, including:
- A $37.5M SSC contract to build an Otter spacecraft for DoD;
- The Remora mission, in partnership with Impulse Space, to autonomously bring spacecraft to within 1,250 meters of each other;
- A $52.5M Space Force contract to deorbit SDA Proliferated Warfighter Space Architecture constellation sats when they reach end of life;
- The Otter Pup 2 mission, in orbit today, is en route to dock with a partner sat.
“Starfish has made steady progress toward practical on‑orbit servicing,” Chris Morales, partner at Point72 Ventures, said in a statement. “We believe their early traction with defense and commercial customers, and successful autonomous missions, show these capabilities are becoming increasingly relevant to space operations and national security.”
What’s next: The Series B funding will help Starfish fulfill its contracted missions, scale production of Otters to meet growing demand, and expand its workforce, according to a press release.
The company is also planning to launch its first full Otter mission this year, though the company couldn’t share more about that mission at this time.
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