MP Space, a space battery company, has raised US$16 million ($23 million) in a Seed round. Blackbird led the investment, with Seraphim Space and Systemiq Capital also joining. Existing investors Speedinvest and MFV Partners also participated.
Investor details
Seraphim Space is a British specialist space investor. The deal marked its first Australian investment. Systemiq Capital joined as a new backer.
Company focus
MP Space designs and manufactures battery hardware. The products are suited to satellites and other spacecraft. They are built for space deployment.
Existing support
Speedinvest participated in the Seed round. MFV Partners also joined the financing. Both were existing investors in MP Space.
MP Space announced the funding through a media release. The release confirmed the Seed stage. It named the participating investors.
Read more: capitalbrief.com