Starfish Space, a Seattle-area startup founded by two veterans of Jeff Bezos’ Blue Origin space venture, has raised $14 million in funding to support its plans to develop spacecraft capable of hooking up with bigger satellites to boost their orbits — or safely dispose of them.
The Series A funding round was led by Munich Re Ventures, with additional participation from Toyota Ventures and previous investors including PSL Ventures, NFX and MaC VC. “MRV is excited to back this talented team of engineers, scientists and operators as they aim to open up the in-space economy,” Peter Ortez, a principal at Munich Re Ventures, said today in a news release.
Starfish Space has now attracted a little over $21 million in total investment, including pre-seed and seed funding rounds, said Austin Link, who co-founded the company in 2019 with fellow Blue Origin alumnus Trevor Bennett.
Link said the fresh funding will go toward completing the development of the Otter Pup, a prototype satellite servicing vehicle that’s about the size of a microwave oven, as well as the full-size Otter spacecraft. One of top priorities for the company, which is headquartered in Kent, Wash., is to add to its current headcount of 26 full-time employees.