Insider Brief:
- GITAI USA and GITAI Japan has raised an additional US $15 million for the Series B Extension round.
- The total amount of the Series B Extension round is now US $45 million.
- The additional funds raised in this round will be primarily used for business expansion in the U.S. and to partially cover the lunar surface demonstration.
PRESS RELEASE — Torrance, California / August 29, 2023 — GITAI USA Inc. and GITAI Japan Inc. (GITAI), the world’s leading space robotics startup company, has raised an additional US$15 million for the Series B Extension round. Combined with the US$30 million funding announced in May of this year, the total amount of the Series B Extension round is now US$45 million.
The additional funds raised in this round will be primarily used to achieve the following objectives:
- Business expansion in the U.S.
- Partial coverage of the lunar surface demonstration
In this round, GITAI raised funds through a third-party allotment from the following companies and funds:
- Green Co-Invest Investment Limited Partnership
- Pacific Bays Fund 1 & 1A Investment Limited Partnerships (Pacific Bays Capital)
- MSIVC 2021V Venture Capital Investment Limited Partnership (MITSUI SUMITOMO INSURANCE Venture Capital Co., Ltd.)
Additionally, GITAI secured funds through a loan from the following company:
- MUFG Bank, Ltd.
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SOURCE: GITAI
Featured image: Credit: GITAI
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