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Teachers’ Venture Growth led a AUD150m Series D round in Fleet Space.

Synopsis

Teachers’ Venture Growth, a venture capital firm, led a AUD150m Series D round in Fleet Space, space exploration company, with participation from Blackbird Ventures, Hostplus, Horizons Ventures, Artesian Venture Partners, and Alumni Ventures. “The ability to meet the rapidly increasing demand for critical minerals presents a significant challenge to achieving global net-zero targets. Current mineral exploration methods are inadequate for efficient discovery and production. Fleet Space addresses this with advanced 3D subsurface imaging and AI analysis tools, which have the potential to sustainably transform the industry. We are proud to support the multidisciplinary team at Fleet Space in their efforts to accelerate the global energy transition,” Rick Prostko, Teachers’ Venture Growth Senior Managing Director.

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