<article><a href="https://www.dealstreetasia.com/?s=speqtral">SpeQtral</a>, a Singapore-based space-tech startup, has raised $1.9 million in seed funding.</article>

<a href="https://www.dealstreetasia.com/?s=speqtral">SpeQtral</a>, a Singapore-based space-tech startup, has raised $1.9 million in seed funding.
According to a statement, the round was led by Space Capital, a $25-million seed-stage venture fund by US-based Space Angels. The other investors that participated include Shasta Ventures, Golden Gate Ventures and SGInnovate.
Formerly known as S15 Space Systems, SpeQtral is building space-based quantum communication systems at the Centre for Quantum Technologies (CQT) located at the National University of Singapore (NUS). The technology aims to enable the next generation of secure communication networks.
The capital will be used to fund its space-to-ground cubesat quantum communication demonstration mission, expand its team and open offices in Singapore and the United States.
“It is a great honor to have Space Capital lead our investment round,” said Chune Yang Lum, co-founder and CEO of SpeQtral. “Their vision and support from Shasta, Golden Gate Ventures, and SGInnovate will be immensely valuable as we bring our quantum technology to the world.”
Space-tech is a burgeoning and relatively nascent sector in Asia. SpecQtral joins a number of startups that have raised funds such as Astroscale, Transcelestial and Gilmour Space Technologies.
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Other investors that participated in the round include Shasta Ventures, Golden Gate Ventures and SGInnovate.

SG's SpeQtral raises $1.9m in seed funding led by Space Capital

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SG's SpeQtral raises $1.9m in seed funding led by Space Capital

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