Google-backed Pixxel raises $100M in India’s largest space tech round
Pixxel, the Indian company that has spent six years arguing that Earth observation is worth doing in colours the human eye cannot see, has raised $100M in a Series C round led by Singapore’s state investor Temasek and the London-listed Seraphim Space Investment Trust.
It is the largest single round any Indian space technology company has closed, and it takes the total capital behind the business to $195m.
The round brings in two new investors, 360 ONE Asset and the South Korean firm IMM Investment, alongside existing backers Radical Ventures and growX Ventures.
Google, which put money into the company at an earlier stage, is not listed among the participants this time. No valuation was disclosed, which is normal for a private round of this size and is worth noting anyway.
Seraphim’s share of it, at $25m, is the piece that matters to European readers. The trust is one of...
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