Satellite navigation startup Xona has raised $19 million in a Series A funding round, the company announced Wednesday. Future Ventures and Seraphim Space led the round, which also included new investors NGP Capital, Industrious Ventures, Murata Electronics, Space Capital, and Aloniq. Xona is developing a Low-Earth Orbit (LEO) satellite network to provide commercial navigation services.…

Seraphim Space closed a new venture fund, Seraphim Space Ventures II LP, with backing from satellite operator Eutelsat Communications, Japanese telco NEC and Japanese satellite operator SKY Perfect JSAT. Seraphim announced the first close of the SSV II fund on Monday.  The fund will be focused on investing in Seed and Series A-stage companies. Seraphim…

Dhruva Space, a  space engineering solutions provider based in Hyderabad, India, marked the final close of its Series A funding at 123 Indian crores ($15 million). The funding will go toward the company’s new spacecraft manufacturing facility, business acquisition plans, and product offerings. Dhruva Space announced the end of the funding round on April 22. …

The UK Space Agency (UKSA) is going to bring further financial assistance to U.K- based space startups. It is launching a 8 million pound ($9.95 million) Space Portfolio within the UK Innovation and Science Seed Fund (UKI2S), managed by Future Planet Capital. The Space Portfolio aims to address a crucial funding gap that early-stage space…