ClearSpace, a Swiss start-up focused on the development of cornerstone in-orbit technologies and services to enable a striving, resilient and sustainable space economy announced that they’ve successfully closed their first round of financing of CHF4 million.
This adds up to the already EURO€86 million invested by ESA (European Space Agency) into the ClearSpace-1 mission due to take place in 2025.
Luc Piguet, co-founder and CEO of ClearSpace says: “This is a decisive step in a great adventure and we are very happy to be able to count on the support on such great partners. Having the confidence of experimented investors such as Swisscom, Dedicated, The Flying Object Fund, Graph Ventures and Urania Ventures along with various private investors and family offices is a tremendous advancement for ClearSpace. Their commitment allows us to accelerate our efforts to build space sustainability for the future.”
Res Witschi, Swisscom’s delegate for sustainable digitization, said: "We are convinced that space debris removal plays a crucial role in enabling sustainable access to space and operations of satellite constellations. Telecommunication and environmental monitoring are among the oldest and most important applications of satellites in space. After all, at the current pace at which satellites are being deployed to space, humanity risks to lose access to space due to an imminent chain reaction of colliding space debris. We are proud to be supporting ClearSpace on its journey to enable sustainable space operations.”
This funding is intended for the development of the robot cleaner and for international activities. ClearSpace SA is now working on its second fund raising.