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NorthStar Earth & Space Raises $15M in Series D Round

By Rachel Jewett | December 7, 2023

      NorthStar space infrastructure. Photo: SES

      Canada’s NorthStar Earth & Space raised a $20 million Canadian dollar ($14.7 million) Series D funding round, the company announced Dec. 6. Telesystem Space invested in the round, along with the government of Quebec through Investissement Québec, and the Luxembourg Future Fund – Co-Investments SA.

      NorthStar Earth & Space is working to establish a constellation to provide space situational awareness (SSA) services. Spire Global built its initial block of four satellites, which will be launched by Rocket Lab. The company said funds will support deploying the initial block of four satellites, starting commercial service and establishing a data processing center in Montreal to process and deliver precision information to track satellites and orbital debris. 

      “Thanks to the unwavering support of the government of Quebec and our investors in North America and Luxembourg, NorthStar’s unique space-based services will provide coverage of significant gaps that were previously inaccessible from ground-based systems. This represents a significant contribution to the sustainability of the space environment for future generations,” said Stewart Bain, co-founder and CEO of NorthStar Earth & Space.This is NorthStar’s second funding round this year after the company closed a $35 million Series C round in January.