Seattle-based Interlune is raising additional investment to support its campaign to identify and extract resources on the moon that can be brought back to Earth, starting with helium-3.
The fundraising effort came to light in a document filed with the Securities and Exchange Commission this week. The $5 million offering takes the form of a Simple Agreement for Future Equity, or SAFE, a contractual arrangement in which investors have the right to receive equity in the company at a later time.
In its initial filing on Jan. 28, Interlune reported that $500,000 of the offering had been sold to a set of six investors. The filing didn’t identify the investors.
In an emailed statement, Interlune CEO Rob Meyerson said the SAFE funding would help support the company’s preparations for the lunar missions ahead.
“Interlune has elected to raise $5 million on a Simple Agreement for Future Equity from existing and new investors to advance key technical milestones ahead of its next priced round,” Meyerson said. “We have several significant projects in the works, which we’re excited to announce shortly.”
