Chinese aerospace startup LandSpace nets $175m in Series C+ round

LandSpace, a privately-owned aerospace startup in China, has pocketed 1.2 billion yuan ($175 million) in a Series C+ round, the company announced in a WeChat post on Wednesday.

The fundraising comes close on the heels of Beijing-based iSpace’s nearly 1.2 billion yuan Series B round in late August and showcases investors’ growing confidence in the country’s nascent commercial aerospace development. iSpace had, in 2019, become China’s first private company to successfully place a satellite into orbit.

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