Synspective (Series C)

Founders: Motoyuki Arai
Company Description: Japanese radar imaging company Synspective has raised 7 billion yen ($44 million) in a Series C round intended to fuel the expansion of its satellite constellation. The Tokyo-based company announced June 20 it raised the Series C round led by Japan Growth Capital Investment Corporation, managed by Nomura SPARX Investment, Inc., as well as investment limited partnerships operated by JAFCO Group Co., Ltd. and by Mizuho Capital Co., Ltd. Several other institutional and individual investors participated in the round. Synspective, which has launched four synthetic aperture radar (SAR) imaging satellites to date, says it will use the funding to ramp up production of satellites, develop satellite data solutions and expand its business globally.
Location: Tokyo, Japan
Coinvestors: Japan Growth Capital Investment Corporation, Nomura SPARX Investment, Inc., JAFCO Group Co., Ltd., Mizuho Capital Co., Ltd.