Fleet Space raises $150 million in Series D as it heads to the Moon
From mapping minerals beneath Earth’s crust to exploring the Moon’s subsurface, Fleet Space Technologies is broadening its ambitions with a substantial raise.
An Australian company mapping minerals beneath the Earth’s surface has raised $150 million in a Series D funding round, setting its sights beyond outback mines to the Moon.
Fleet Space Technologies’ impressive funding round was led by Teachers’ Venture Growth (TVG), the venture arm of Ontario Teachers’ Pension Plan, with participation from existing investors including Blackbird, Hostplus, Horizons Ventures, Artesian Venture Partners and Alumni Ventures.
The new capital, which values the company at $800 million, will expand Fleet Space’s global end-to-end exploration platform, ExoSphere, accelerating the discovery of critical minerals essential for a clean energy future.
"There are two versions of the future. One where we bend the latest advances in space, AI and big data towards building a clean energy future and another where we risk net-zero targets falling out of reach," said Fleet Space CEO and co-founder Flavia Tata Nardini, a former propulsion engineer at the European Space Agency.
