Star Catcher, a Jacksonville, FL-based company which specializes in space-based energy generation, raised $12.25M in Seed funding.
The round was led by Initialized Capital and B Capital, with participation from Rogue VC.
The company intends to use the funds to validate and demonstrate its power beaming services for customers, beginning with ground demonstrations, followed by an on-orbit demonstration in late 2025, and deployment of commercial service.
Led by Andrew Rush, Michael Snyder and Bryan Lyandvert, Star Catcher aims to eliminate power constraints on satellites and other spacecraft by constructing the Star Catcher Network, a space-based energy grid. Its proprietary power beaming technology will beam power to other satellites in space as a service, enabling client spacecraft to use their existing solar arrays to receive more, and higher concentrations of power in order to increase capability and uptime as well as reduce upfront spending and overall mission cost.
FinSMEs
24/07/2024