Ann: Investment in Skykraft Pty Ltd, page-5

This was a big month for the Aussie Space Industry! Prime Minister Anthony Albanese visited Gilmour Space Technologies (which raised $61 million AUD in its Series C round at an est. ~$220M valuation back in 2021) at its Gold Coast factory to formally unveil the Eris Rocket, Australia’s first home-grown orbital launch vehicle. Additionally, Fleet Space Technologies announced a A$50M Series C while doubling its valuation to over $350M. Positive signs that momentum is building in the Aussie space scene. Looking forward to seeing Skykraft scale up and complete a Series A and Series B over the coming years.

https://www.businessnewsaustralia.com/articles/fleet-space-more-than-doubles-valuation-with--50m-series-c.html

Adelaide-based space tech firm Fleet Space Technologies has closed a ‘heavily oversubscribed’ Series C funding round to raise $50 million, led by existing investor and Australian venture capital firm Blackbird.The Series C, which was also supported by Mike Cannon-Brookes’ venture capital vehicle Grok Ventures, Alumni Ventures and Hostplus, more than doubles the company’s valuation, now surpassing $350 million.According to Fleet Space, co-founded by CEO Flavia Tata Nardini and chief exploration officer Matt Pearson, the size of the latest raise was secured because the company exceeded growth milestones set out in its oversubscribed Series B round in 2021.The company’s continued growth since it was started in 2015 also attracted the likes of new investors TelstraSuper, Bondi Partners and Pavilion Capital to the latest raise.Fleet Space says the latest round follows the success of its satellite-based mineral exploration technology ExoSphere, which is currently in operation with more than 30 clients globally including Rio Tinto (ASX: RIO), Barrick Gold Corporation, Core Lithium (ASX: CXO) and Gold Fields.“Since the launch of Exosphere, our groundbreaking product, we have achieved an impressive milestone of reaching $28 million in contracted revenues within a year, deploying customers in every continent of the world,” Tata Nardini said.