[Future Space Transportation System Co., Ltd. (ISC)] Future Space Transportation System Co., Ltd., Miyako Capital Angel
Funding totaling 360 million yen was conducted with Bridge, SMBC Venture Capital, MOL PLUS, etc. as underwriters.
*Future Space Transportation System Corporation (ISC)*
Press release: September 10, 2024
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Future Space Transportation System Co., Ltd., Miyako Capital, Angel Bridge, SMBC Venture Capital, MOL
Raised a total of 360 million yen with PLUS and others as underwriters.
Mirai Space Transportation System Co., Ltd. (Chuo-ku, Tokyo, Representative Director) is a startup company aiming to realize a transportation system that enables space travel.
Yasujiro Hatada) is Miyako Capital, Angel Bridge, SMBC Venture Capital, MOL We would like to inform you that we have raised a total of 360 million yen through a third-party allotment of capital with PLUS and others as underwriters.
Funding background
Our company has a vision of “a world where people and cargo are delivered every day. This is commonplace in space as well.” With this in mind, we aim to develop high-frequency space transportation using fully reusable single-stage spacecraft (SSTO) in the 2040s. We are working to develop a reusable satellite launch vehicle by 2028, with the ultimate goal of achieving this goal.
In August 2023, we raised 550 million yen with Incubate Fund as the lead investor and Animal Spirits, Dentsu Ventures SGP Fund, etc. as underwriters, and in September of the same year, we raised 550 million yen with Incubate Fund as the lead investor. Innovation Creation Promotion Project (SBIR)
Phase 3) The project was selected for the space field (project theme: development and demonstration of private rockets) (maximum grant amount: 2 billion yen).
This time, we have decided to raise funds from multiple new investors from the perspective of strengthening our financial base for further growth in the future based on the progress of research and
development. As a result of this procurement, the cumulative amount raised was 1.22 billion yen.
Main new investors joining this time
*Miyako Capital*
Miyako Capital invests in R&D-oriented startup companies that utilize cutting-edge intellectual assets from academia and research
institutions such as Kyoto University, and also supports growth through industry-academia collaboration activities that lead to social implementation of research results. We are an independent venture capital firm that creates the next generation of leading industries and innovations.
Under CEO Hatada’s outstanding leadership, we have determined that Space Transportation Systems Co., Ltd. has established a business foundation that will allow it to achieve dramatic growth in the future, and has decided to invest in the company.
* Hiroaki Okahashi, Miyako Capital Partner, President and
Representative Director*
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I am very happy to have been able to connect with Future Space Transportation Systems Co., Ltd. at a time when its technology development and business are making even greater progress. * *
Due to changes in the geopolitical environment and various
technological innovations both domestically and internationally, various projects that utilize high-frequency, single-stage, round-trip space transport technology are increasing in all industrial and public policy fields. We have high expectations that Space Transportation Systems Co., Ltd.’s solutions will become indispensable. *
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Through further support for industry-government-academia
collaboration, we will contribute to further development in the future and support and accompany the company’s growth as a start-up company in the space and rocket fields that represents Japan. *
*Angel Bridge*
Angel
Bridge’s mission is to “properly invest funds, make them work properly, and create many mega-ventures originating from Japan.” By creating mega-ventures with high reproducibility, improving
productivity, and creating industries, Bridge aims to We are an independent VC that aims to significantly contribute to improving GDP. We have decided to invest in Future Space Transportation Systems Co., Ltd.’s efforts because it has the potential to become a mega-venture in the space development market, which is growing into a huge industry.
* Yutaro Kasai, Angel Bridge representative partner *
* We have recently invested in Mirai Space Transportation System Co., Ltd. * *
At first glance, the challenge of developing a reusable rocket seems to be a very high hurdle, but when you see the company’s efforts as a “project leader” using IT development methods to rapidly advance development while incorporating excellent technology, you will be impressed. It made me feel that this is not a pipe dream, but a future that we can fully aim for. *
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The extraordinary enthusiasm of our team, including CEO Hatada, has spread to those around us, and we have gained strong support from many people in both the public and private sectors. I am confident that this team will be able to grow into a mega-venture that will launch and lead Japan’s space industry. *
* Angel Bridge will do its best to support Space Transportation System Co., Ltd. in the future. *
*SMBC Venture Capital*
SMBC Venture Capital is a VC firm that has been making venture investments for over 20 years, with Sumitomo Mitsui Group as its main shareholder, and invests from a long-term perspective. Recently, we have a track record of investing in space startups that have achieved IPOs, such as QPS Research Institute and Astroscale.
We have decided to make this investment from the perspective of further accelerating the realization of the vision that Future Space Transportation Systems Co., Ltd. is aiming for.
* Tetsuji Nakano, Manager, Investment Sales Department 1, SMBC Venture Capital* * We are very happy to have the opportunity to invest in Future Space Transportation Systems Co., Ltd. *
* Mirai Space Transportation Systems Co., Ltd. is taking on the challenge of changing the fundamentals of Japanese rocket development using data-driven and agile development methods. *
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I was very impressed by CEO Hatada’s warm personality and passion for the space business, and I am confident that our company, led by him, will be able to support Japan’s space business in the future. * *MOL PLUS*
MOL
PLUS is the only corporate venture capital in the domestic shipping industry, established by Mitsui O.S.K. Lines in 2021 with the mission of “providing new value to the shipping industry and society.” From a medium- to long-term perspective, we are making a wide range of investments domestically and internationally, focusing on early and middle-stage startup companies that can transform the shipping industry’s business model and create new businesses. But we support you.
This time, we will utilize the resources of the Mitsui O.S.K. Lines Group to support the social implementation of the space transportation system that Future Space Transportation Systems Co., Ltd. is aiming for, and we will invest from the perspective of creating a new industry in the shipping and ocean fields together. Ta.
*Takuya Sakamoto MOL PLUS CEO*
* The initiatives of Mirai Space Transportation Systems Co., Ltd. are not something that one company is working on alone, but are promoted by sharing wisdom and knowledge from related industries. *
*We, MOL
As PLUS promotes the shipping and offshore business, we empathize with the worldview that the company wants to achieve, and through repeated discussions, we became convinced that this is an initiative that we can promote together by leveraging our strengths. I am looking forward to tackling the grand challenges that lie ahead. Thank you for your continued support. *
Comment from Kojiro Hatada, Representative Director of Mirai Space Transportation Systems Co., Ltd.
In this round of funding, with an eye to accelerating future growth, we have partnered with Miyako Capital, which has strengths in deep tech investment, and Angel.
Bridge, SMBC Venture Capital and MOL with a view to collaborating on the business side.
We are very pleased to welcome PLUS as a new shareholder.
The key to growing the space industry into Japan’s core industry is increasing the frequency of space transportation, and we will accelerate research and development to make this a reality.
Purpose and use of funding
The main objective is to strengthen the financial base in anticipation of future development plans. In collaboration with the new investors who have joined us this time, we will work on research and development and business development, aiming to realize internationally
competitive space transportation services.
■Our company is actively recruiting human resources!
I want to go to space from Japan.
we take on the challenge.
Aerospace technology × Knowledge from other industries × Backcast thinking Creating new industries with an eye to the future.
Let’s do work worth risking our lives for.
Click here for the recruitment page
https://www.wantedly.com/companies/company_9146989
For inquiries about business collaboration, etc., click here. https://innovative-space-carrier.co.jp/contact/
■We are accepting “advance applications” for space travel.
Please apply from this link.
https://forms.gle/TDc8HpdcR2zCU41t9