Sign up to save tools and stay up to date with the latest in AI
bg
bg
1

Fleet Space Closes USD$100M Series D; At USD$525M Valuation

Dec 13, 2024 - finsmes.com
Fleet Space Technologies, an Adelaide-based space exploration company, has secured $100 million in Series D funding, achieving a valuation of $525 million. The funding round was led by Teachers’ Venture Growth (TVG) and included participation from existing investors such as Blackbird Ventures, Hostplus, Horizons Ventures, Artesian Venture Partners, and Alumni Ventures. The company plans to utilize the funds to enhance its global exploration platform, ExoSphere, which aids in the discovery of critical minerals essential for clean energy.

Led by co-founders Flavia Tata Nardini and Matt Pearson, Fleet Space Technologies focuses on mineral exploration using ExoSphere, a solution that integrates satellite connectivity, 3D multiphysics, and AI for real-time imaging of mineral systems. The platform has been employed by over 40 exploration companies, including Rio Tinto and Barrick Gold, across five continents. Due to the increasing demand for ExoSphere, Fleet Space has expanded its operations internationally to the US, Canada, Chile, and Luxembourg, employing over 130 people from 37 different nationalities.

Key takeaways:

  • Fleet Space Technologies, based in Adelaide, Australia, raised USD$100M in Series D funding at a valuation of USD$525M.
  • The funding round was led by Teachers’ Venture Growth (TVG) and included participation from existing investors like Blackbird Ventures and Horizons Ventures.
  • The company plans to use the funds to enhance its ExoSphere platform, which aids in the discovery of critical minerals essential for clean energy.
  • Fleet Space Technologies has expanded its global presence to the US, Canada, Chile, and Luxembourg, employing over 130 people from 37 nationalities.
View Full Article

Comments (0)

Be the first to comment!