Star Catcher has raised $65 million in Series A funding to support development of its orbital power-beaming technology and finance its first in-space demonstration mission later this year.
The funding round was led by B Capital and co-led by Shield Capital and Cerberus Ventures.
Additional investors included GreatPoint Ventures, Helena, Oceans Ventures and MVP Ventures.
The company said the latest financing brings its total capital raised to $88 million.
Star Catcher is developing a space-based energy distribution system designed to collect solar energy in orbit and beam concentrated power to satellites and spacecraft using existing onboard solar cell hardware.
The technology is intended to help smaller satellites perform more power-intensive missions and potentially support spacecraft experiencing failures such as undeployed solar arrays.
The company plans to conduct its first orbital demonstration of the technology later this year.
A second space mission is already under development, according to the company.
As part of the investment round, several representatives from participating firms will join Star Catcher’s board of directors.
They include retired U.S. general John “Jay” Raymond from Cerberus Ventures, who previously served as chief of the United States Space Force, Jeff Johnson, global head of energy at B Capital, and David Rothzeid, principal at Shield Capital.
Star Catcher said the technology has applications across both commercial and government space markets and that the funding would help deepen engagement with U.S. national security customers.
Earlier this year, the company completed a terrestrial demonstration of its technology by transmitting solar power across the football stadium used by the Jacksonville Jaguars in Florida.
The company now aims to validate the system’s performance in orbit as interest grows in space-based power infrastructure for satellites and future space operations.
