Announced
Completed
Synopsis
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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