Rendering of a Starfish servicer docking in GEO. Photo: Starfish Space

Starfish Space on Tuesday said it has raised about $110 million in a Series B round that will be used to execute orbital servicing missions already on contract, boost production of its Otter service spacecraft and add employees.

The investment was led by Point72 Ventures and brings the total raised so far to more than $150 million by the Washington-based company.

After conducting three successful demonstration missions in orbit, Starfish will be launching its first operational Otter mission this year.

The company has announced five Otter customers so far, including Luxembourg’s SES, NASA, two for the Space Force’s Space Systems Command, and one for the Space Force’s Space Development Agency (SDA). The SDA award is the company’s first for a deorbiting operation.

The company will also be building and flying more Otters for other customers, Austin Link, co-founder of Starfish, told Defense Daily in an email reply to questions.

“From our perspective, Starfish has made steady progress toward practical on-orbit servicing,” Chris Morales, partner at Point72, said in a statement. “We believe their early traction with defense and commercial customers and successful autonomous missions show these capabilities are becoming increasingly relevant to space operations and national security.”

Otter is designed to autonomously dock with and maneuver national security and other satellites, enabling dynamic space operations, life extension missions and disposal services.

The funding round was co-led by Activate Capital and Shield Capital. Additional major participants included Industrious Ventures and Night Dragon. Existing investors NFX, Munich Re Ventures, Toyota Ventures and PSL Ventures also participated as did new investors Nomi Capital, Gaingels and Overlap Holdings.

This story was first published by Defense Daily