Seattle-based Interlune has raised $5 million in fresh funding to support a business plan that involves building space infrastructure as well as mining the moon for helium-3 and other valuable resources.
The funds were raised through a Simple Agreement for Future Equity, or SAFE, in which investors provide upfront cash to a startup in exchange for shares to be issued during a future priced round. Interlune used the same approach to raise $5 million earlier this year.
Interlune said existing and new investors participated in its latest SAFE offering, which came to light today in a regulatory filing with the Securities and Exchange Commission.
“The company’s continued traction with government contracts, along with major milestones across the space ecosystem over the past year, makes this a beneficial approach ahead of our next priced round,” Interlune CEO Rob Meyerson said in an emailed statement.
