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Announced

Completed

Initialized Capital led a $13m seed round in AstroForge.

Financials

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Transaction Value£10m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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United States

Private Equity

asteroid mining

Single Bidder

Completed

Friendly

General Mining

Venture Capital

Acquisition

Cross Border

Minority

Private

Synopsis

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Initialized Capital, a venture capital firm, led a $13m seed round in AstroForge, an asteroid-mining startup company, with participation from Seven Seven Six, EarthRise, Aera VC, Liquid 2 and Soma. “I think from an investor standpoint, you’ve seen a lot of interest in space, and deep tech, and space and deep tech natively just require longer timelines. We’re not a B2B SaaS company, we’re not going to be profitable in a year. When you look at the opportunity here — and the opportunity really is to mine the universe — this is such a huge opportunity that investors are willing to make the bet on a longer time horizon," Matt Gialich, AstroForge Co-Founder and CEO.

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