Startup · $256.5m raised
Adelaide, SA
Every investor coverage indicates participated in a round Fleet Space Technologies raised.
| Investor | Rounds | Invested |
|---|---|---|
| Australian Space Agency | Grant · Grant | $4,000,000 |
| Australian Government | Grant | $386,770 |
| State Government | Grant | $275,000 |
| Alumni Ventures | Series D+ · Series C · Series B | - |
| Artesian VC | Series D+ · Series B | - |
| Blackbird Ventures | Series D+ · Series C · Series B · Unnamed stage · Series A | - |
| Horizons Ventures | Series D+ · Series B · Unnamed stage | - |
| Hostplus | Series D+ · Series C · Series B | - |
| Teachers' Venture Growth | Series D+ | - |
| Bondi Partners | Series C | - |
| Grok Ventures | Series C · Series B · Unnamed stage · Series A | - |
| Pavilion Capital | Series C | - |
| TelstraSuper | Series C | - |
| The 1941 Fund | Series C | - |
| In-Q-Tel | Series B | - |
| Intel | Series B | - |
| Momenta Ventures | Series B · Unnamed stage | - |
| South Australian Venture Capital Fund | Series B | - |
| Kennards Hire | Unnamed stage | - |
| Li Ka-shing | Unnamed stage | - |
| The Kennards Hire Kennard family | Unnamed stage | - |
| Mike Cannon-Brookes | Series A | - |
Investors whose own portfolio pages list Fleet Space Technologies, even though we haven't found any coverage of the round yet.
| Investor | Listed on |
|---|---|
| OneVentures | its portfolio page ↗ |
Every published round Fleet Space Technologies took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Quasar Satellite Technologies | Unnamed stage | 4 May 2021 | $12m | Participant | SmartCompany (Wed 5 May 2021), SmartCompany (Wed 5 May 2021), @AuManufacturing |
Companies Fleet Space Technologies has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Quasar Satellite Technologies | 4 May 2021 | 1 | 0 |
Fund closes reported for Fleet Space Technologies, as distinct from the investments it has made.
Companies Fleet Space Technologies has backed that another company then bought. An exit for the holding, not a deal Fleet Space Technologies did.
| Company | Bought by | Kind | Announced | Price |
|---|---|---|---|---|
| No portfolio company of Fleet Space Technologies is recorded as having been acquired. | ||||
Companies Fleet Space Technologies acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Fleet Space Technologies. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Profiles space investor Will Scully-Power, whose Pine Gap firm backs Australian space startups and plans a larger US fund with partners; defence VC Beaten Zone has also wrapped up a $26 million fund.
Weekly roundup: Blackbird confirms a record fund close and Galileo reaches a first close, Genesis merges with Proudi, IREN secures massive debt, and several startups report raises, grants and program wins.
A maker of satellites for in-orbit drugs and materials production has landed an outsized pre-seed round led by New Zealand's GD1, with Airtree and other venture firms taking part.
Leaked details from Blackbird's investor day showcase Airwallex and Canva as standout performers, record valuation cuts for Culture Amp and SafetyCulture, and detail Kiki's New York shutdown and settlement.
Pat Conroy announced a fresh tranche of Australian defence grants totalling over $17.3 million, with recipients including Fleet Space Technologies, Veem, HIFraser and Aurora Labs.
Fleet Space is partnering with three quantum sensor makers, mDetect, Nomad Atomics and DeteQt, to build next-generation exploration tools; the piece also recalls its HiSeis buyout and Series D round.
Quantum sensing startup DeteQt, spun out of the University of Sydney, has raised $750,000 in pre-seed funding from Main Sequence and Austin's ATP Fund, and holds a $3 million defence contract.
University of Sydney spinout DeteQt raised $750,000 pre-seed from Main Sequence Ventures and ATP Fund, appointed Rupal Ismin COO, and counts a $3 million defence contract as first revenue.
Also Forbes Australia·Startup Daily·Startup Daily·SmartCompany·Forbes Australia
Esper, a Melbourne maker of mineral-scanning satellites, has banked a $5 million seed round co-led by Paspalis Capital and Hejaz; its 2023 pre-seed drew US investors.
Five Australian space companies receive federal grants under the Moon to Mars program, totalling $3.6 million, for projects including navigation systems and radioisotope heaters; Gilmour Space says launch approval delays cost it $20 million.
Year-end roundup ranking 2024's twelve largest startup raises, headed by PsiQuantum's $940 million government-backed quantum computing round, plus Guzman y Gomez's ASX listing and Betashares' Temasek investment.
Fleet Space Technologies has secured $150 million in a Series D round led by a Canadian pension fund, with existing backers Blackbird Ventures, Hostplus and Horizons Ventures also participating.
Satellite company Fleet Space has closed a Series D backed by Teachers' Venture Growth and prior backers, lifting its valuation past $800 million, with proceeds earmarked for its mineral-exploration platform.
Also Space Connect·spaceanddefense.io·aap.com.au·@AuManufacturing·Startup Daily·TechCrunch Venture·SmartCompany·SmartCompany·Startup Daily·Startup Daily·spaceexplored.com·Space Connect·Defence Connect·@AuManufacturing·@AuManufacturing·Forbes Australia·TechCrunch Venture
Roundup of Australian manufacturing news: OncoSil, K-TIG and Aurora Labs complete or commit raises, Amplia opens an offer, Siemens agrees to buy Altair, CSIRO unveils a printed-solar facility, and a WA medical alliance grows.
Manufacturing roundup: Australian Vanadium and entX land government grants, Hexagon Energy Materials completes a $1 million round, Australian Dairy Nutritionals appoints a CEO, Aurora Labs adds a director, plus vessel, export and research briefs.
Mike Cannon-Brookes' investment vehicle Grok Ventures has hired Tan Kueh, ex-Macquarie, UBS and BlackRock, as CEO, joining CIO Jeremy Kwong-Law, as it sharpens its strategy around climate investing.
Three Australian companies — Fleet Space Technologies, MoreGoodDays and Syneta — feature on Forbes Asia's 100 to Watch list; the piece profiles each business, its backers and recent raises.
Four Australian space companies are named among ten recipients of Moon to Mars Initiative Demonstrator Program grants, sharing nearly $40 million for projects spanning atomic clocks, navigation technology and payload racking systems.
Also @AuManufacturing·@AuManufacturing·@AuManufacturing·Defence Connect·Forbes Australia
Techboard's May 2023 roundup of Australian startup funding: 42 private raises topped by Fleet Space's $50m round, two $40m acquisitions, multiple grants, accelerator intakes, and fund news including GiantLeap's $50m fund raise.
Manufacturing news roundup: Fleet Space's oversubscribed Series C, a grant-backed 3D printing research project, an agreed brand acquisition, equipment orders, a cargo drone first flight and industry awards.
Weekly roundup of five startup raises: Fleet Space's Series C, Checkmate's Series A, Adventus's new round, Endua's hydrogen funding and Servicely's raise, with investors named.
Also Forbes Australia
Bondi Partners reposts The Australian's coverage of Fleet Space Technologies' $50m Series C round, which Blackbird Ventures led and Bondi joined, valuing the Adelaide-based nanosatellite maker above $350m.
Also Blackbird Ventures portfolio·Startup Daily·@AuManufacturing·SmartCompany·Startup Daily·SmartCompany·SmartCompany·Techboard·Startup Daily·SmartCompany·Startup Daily·@AuManufacturing·@AuManufacturing·@AuManufacturing·Forbes Australia·satcom.digital·Space Connect·Space Connect·TechCrunch Venture·TechCrunch Venture
Australia will create the Advanced Strategic Capabilities Accelerator, backed by a decade-long $3.4 billion commitment, to speed defence innovation and procurement; the news follows Fleet Space's recently revealed $6.4m Defence contract.
Fleet Space Technologies wins a 6.4 million dollar Defence Space Command contract to lead the ASCEND2LEO project, developing LEO satellite communications with a consortium including DSTG, University of South Australia, Rice Satcom and SmartSat CRC.
News roundup: Elsight locks in $8 million through convertible notes; Northrop Grumman extends its Quickstep supply agreement; Titomic grows US sales; Fleet Space to survey for Core Lithium; Venture Catalyst Space applications open.
Ignition Lane's weekly roundup: Zip's deal for Sezzle, Zeller's unicorn raise, several Australian funding rounds, Startmate backing Provvy, a space manufacturing grant, NZVC's first close, and tech's response to Russia.
Canberra is putting $20 million into an Adelaide space manufacturing project, matching the state government's earlier $20 million, with four local spacetech firms among the collaborators.
Canberra is putting $20 million from its Modern Manufacturing Initiative toward a space manufacturing park at Adelaide Airport, adding to state support, while a plant-protein consortium led by Australian Plant Proteins earlier secured $113 million.
Adelaide satellite firm Fleet Space is developing 3D-printed Alpha small satellites for launch from 2022, following its recent US$26.4 million Series B raise, with global connectivity coverage targeted by 2026.
TechCrunch's space digest reports Rocket Lab buying Planetary Systems Corporation, new raises from Hydrosat, Fleet Space, Inversion and Sierra Space, Musk's Starship launch timeline, and other space industry developments.
Weekly roundup of Australian startup raises, including Airwallex's Series E extension, Fleet Space's Series B and Montu's record crowdfunding, plus Giant Leap raising $19.5 million toward a $50 million second fund.
Also SmartCompany·Startup Daily·Startup Daily·SmartCompany·SmartCompany·Business News Australia·startupscaleup.com.au·SmartCompany
Startup Daily reports the Atlassian co-founder and his wife have pledged a billion dollars via their family firm Grok Ventures to climate-focused startups, plus half a billion to philanthropy.
Weekly roundup covering Canva's huge raise and rich-list climb, a run of Australian startup funding rounds including SiteMinder and Mable, Domain's purchase of IDS, and Mailchimp's sale to Intuit.
Also Startup Daily·Australian FinTech·Cut Through Venture·SmartCompany·Startup Daily·SmartCompany·SmartCompany·Startup Daily·Australian FinTech
Feature on Australia's growing space tech sector: an accelerator chief cites Gilmour Space's series C, space agency grants to four startups, and emerging companies in geospatial data, space medicine and orbital manufacturing.
Also @AuManufacturing·SmartCompany·SmartCompany·Startup Daily·Startup Daily·@AuManufacturing·@AuManufacturing
Moonshot, an Australian space-tech accelerator, has secured $500,000 from the federal government's Incubator Support Scheme and private investors, with a consortium of space figures investing as mentors, including Andrew Aldrin and Amir Blachman.
Weekly roundup reporting Gilmour Space's raise, several startup funding rounds, KKR's Education Perfect deal, ASX listings, new funds from Accel and the Albert family, and global tech listings and acquisitions.
Also Forbes Australia
Manufacturing briefs: Fleet Space's satellite is orbiting, First Graphene wants industry partners, Micro-X wins a $400,000 government grant, Wellnex completes two acquisitions before relisting, Forbidden Foods enters Chinese e-commerce, Monash opens a blockchain hackathon.
Also @AuManufacturing
Sydney startup Spiral Blue sent its Space Edge Zero computers into orbit aboard SatRevolution satellites via Virgin Orbit, and holds an Australian Space Agency Moon to Mars grant and a Defence Innovation Hub contract.
Also @AuManufacturing·SmartCompany·SmartCompany·@AuManufacturing
SmartCompany surveys Australia's space tech sector as Gilmour Space lands a $61 million Series C, profiling players such as Fleet, Myriota and Space Machines and recalling Moonshot's incubator backing of eleven startups.
Also @AuManufacturing·Startup Daily·Startup Daily·@AuManufacturing·@AuManufacturing
Gold Coast rocket firm Gilmour Space raised a $61 million Series C led by Fine Structure Ventures, with Blackbird, Main Sequence and super funds taking part, ahead of a planned 2022 orbital launch.
Also SmartCompany·@AuManufacturing·TechCrunch Venture·SmartCompany·SmartCompany·Startup Daily·Startup Daily·SmartCompany·Startup Daily·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Startup Daily·@AuManufacturing·@AuManufacturing