GalaxEye Bags $6.5 Mn From Mela Ventures, Others To Launch Its First Satellite

GalaxEye Bags $6.5 Mn From Mela Ventures, Others To Launch Its First Satellite

SUMMARY

The funding round also saw participation from existing investor Speciale Invest, ideaForge, Rainmatter Capital, Navam Capital

GalaxEye said this is an ongoing funding round and the startup plans to close it by September this year

The spacetech startup will use the capital to launch its first satellite, Drishti Mission, by mid-2025 and expand its team

Bengaluru-based spacetech startup GalaxEye has raised $6.5 Mn (about INR 55 Cr) in its ongoing Series A funding round, led by venture capital firm Mela Ventures and existing investor Speciale Invest.

The round also saw participation from listed dronetech startup ideaForge, Rainmatter Capital, Navam Capital, Faad Capital, and Anicut Capital.

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