Momenta congratulates Fleet Space Technologies, an early member of our Industrial Impact® Portfolio, on closing a $100M Series D (AUD 150M) funding round. Led by Teachers' Venture Growth, with participation from existing investors like Blackbird Ventures, Horizons Ventures, and others, this significant investment highlights Fleet Space's impact on space-based mining.
As an early investor, Momenta has witnessed Fleet Space's remarkable journey from a promising nano-satellite startup to a leader in space-based mineral exploration, addressing critical challenges in rare-earth mineral exploration. This latest funding milestone validates our early belief in their potential and highlights the immense power of visionary technologies in addressing critical global challenges.
Fleet Space seamlessly integrated three groundbreaking technologies into its solution:
Unlike competitors, Fleet Space’s approach uses nano-satellites to back-haul IoT protocols, ensuring scalability and adaptability to future solution developments.
Fleet Space’s ExoSphere platform is revolutionizing critical mineral exploration, a cornerstone of the global energy transition. By integrating real-time 3D imaging and AI, ExoSphere provides unparalleled insights faster and with reduced environmental impact. Their work with industry leaders like Rio Tinto and Barrick Gold exemplifies the platform’s potential to transform mining and energy operations.
Beyond mining, Fleet Space is making waves across industries:
"This funding allows us to accelerate our ExoSphere technology, enabling faster, more sustainable critical mineral discovery crucial for the global energy transition," says Flavia Tata Nardini, CEO of Fleet Space.
Ken Forster, Momenta's Founding Partner, expressed: "We're immensely proud of Fleet Space's journey from our Series A investment to this significant Series D round. It exemplifies the power of visionary leadership and groundbreaking technology in transforming industries. Fleet Space's success reinforces our commitment to backing innovators shaping the future of industrial technology."
As Fleet Space advances space technology and mineral exploration, its innovations are not only making a significant impact on Earth but also holding promise for future space exploration. By leveraging existing protocols and its unique "portal" aggregator for edge computing, Fleet Space drives sustainable practices across industries today while paving the way for off-world discoveries through ongoing research.
Join us in celebrating Fleet Space’s success and learn more about our Industrial Impact® Portfolio at momenta.one.
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Momenta is the leading Industrial Impact® venture capital firm, accelerating industrial innovators across energy, manufacturing, smart spaces, and the supply chain. Our team of deep industry operators has helped scale industry leaders and innovators to improve critical industries, the environment, and people's quality of life for over a decade. PitchBook has ranked Momenta as one of the ten best-performing venture capital firms for 2023 in its prestigious Global Manager Performance Score League Tables, and the firm is the only European-headquartered VC to secure a Top 10 spot on the list. For more information, please visit http://www.momenta.one.
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