UTokyo spinout developing water-based propulsion (ion/Hall thrusters) for small satellites
| Date | Round | Amount |
|---|---|---|
| Jun 2024 | Series B Pale Blue, a water-propulsion satellite-thruster startup, closed its Series B at about 2.5B JPY (incl. a 2nd close) with A-Star, the KURONEKO Innovation Fund, Itochu Technology Ventures and regional VCs. | $16M |
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