Total amount raised
$161M
Latest funding date
2026-04-07
Location
Starfish Space has successfully raised funding over 11 rounds, with the latest being a Series A round. The company is backed by 27 investors, including NFX, Shield Capital, and Alumni Ventures.
Starfish Space is developing the Otter, an autonomous satellite servicing vehicle designed to be smaller and more affordable than existing alternatives. Keep reading to explore the intricacies of Starfish Space's fundraising journey and the investors backing this innovative platform.
Starfish Space has raised funding across multiple rounds backed by investors including Point72 Ventures, Activate Capital, Shield Capital, Munich Re Ventures, NFX, and Toyota Ventures, among others.
Keep reading to explore Starfish Space's fundraising journey, from its 2021 seed round to its landmark 2026 Series B.
What Is Starfish Space?
Starfish Space is a satellite servicing company founded in 2019 and headquartered in Seattle, Washington. Co-founded by Austin Link and Trevor Bennett — both former Blue Origin engineers — the company develops autonomous spacecraft called Otter that can dock with, service, extend the life of, and deorbit satellites in orbit. Otter is designed to be significantly smaller and more cost-effective than legacy alternatives, using exclusively electric propulsion. Starfish has completed multiple demonstration missions and holds contracts with the U.S. Space Force and NASA.
How Much Funding Has Starfish Space Raised?
- Pre-Seed Round
- Amount Raised: USD 500,000
- Date: October 2020
- Lead Investors: Undisclosed
- Participants: Boost VC, Seraphim Space
- Seed Round
- Amount Raised: USD 7,000,000
- Date: September 28, 2021
- Lead Investors: NFX, MaC Venture Capital (co-leads)
- Participants: PSL Ventures, Boost VC, Liquid2 Ventures, Hypothesis
- Series A
- Amount Raised: USD 14,000,000
- Date: March 8, 2023
- Lead Investors: Munich Re Ventures
- Participants: Toyota Ventures, PSL Ventures, NFX, MaC Venture Capital
- Series A Extension / Venture Round
- Amount Raised: USD 29,000,000
- Date: November 13, 2024
- Lead Investors: Shield Capital
- Participants: Point72 Ventures, Booz Allen Ventures, Aero X Ventures, Trousdale Ventures, TRAC VC, Munich Re Ventures, Toyota Ventures, NFX, Industrious Ventures
- Series B
- Amount Raised: USD 110,000,000
- Date: April 7, 2026
- Lead Investors: Point72 Ventures, Activate Capital, Shield Capital (co-leads)
- Participants: Industrious Ventures, NightDragon, NFX, Munich Re Ventures, Toyota Ventures, PSL Ventures, Nomi Capital, Gaingels, Overlap Holdings
Total Amount Raised: At least USD 160,500,000 based on disclosed funding rounds (pre-seed $500K + seed $7M + Series A $14M + 2024 venture round $29M + Series B $110M).
Key Investors
- Point72 Ventures
- Details: Lead investor in the Series B (April 2026) and a participant in the 2024 venture round. Point72 Ventures is the venture arm of Point72 Asset Management, focused on deep-tech and frontier technology.
- Activate Capital
- Details: Co-lead investor in the Series B (April 2026). Activate Capital is a growth-stage investment firm backing companies translating breakthroughs into commercial scale.
- Shield Capital
- Details: Lead investor in the 2024 venture round and co-lead in the Series B (April 2026). Shield Capital is a San Francisco-based VC specializing in advanced technologies with defense and national security applications.
- Munich Re Ventures
- Details: Lead investor in the Series A (March 2023) and a returning participant in later rounds. Munich Re Ventures is the venture arm of leading global reinsurer Munich Re, investing in early-stage companies at the intersection of risk and technology.
- NFX
- Details: Co-lead in the 2021 seed round and a participant in subsequent rounds. NFX is a San Francisco-based venture firm focused on network-effects businesses across multiple sectors.
- MaC Venture Capital
- Details: Co-lead in the 2021 seed round. MaC Venture Capital is an early-stage VC firm investing in technology companies redefining consumer and enterprise behavior.
- Toyota Ventures
- Details: Participated in the Series A (March 2023) and subsequent rounds. Toyota Ventures is the venture arm of Toyota, investing in emerging mobility and technology companies.
- NightDragon
- Details: Participated in the Series B (April 2026). NightDragon is a growth and buyout investment firm focused on cybersecurity, safety, security, and privacy.
What's Next for Starfish Space?
With its Series B secured, Starfish Space is well-positioned to execute its first contracted satellite servicing missions using its Otter spacecraft. The company plans to use the new capital to scale production, hire 40–50 additional engineers (growing from a team of ~90), and begin deploying Otter vehicles for life-extension and disposal missions in both GEO and LEO. Starfish holds major contracts with the U.S. Space Force — including a $54.5 million contract for a dedicated Otter servicing vehicle and a $37.5 million STRATFI contract — as well as a $52.5 million Space Development Agency contract for satellite deorbit services. With commercial contracts like the Intelsat life-extension mission also in the pipeline, Starfish Space is transitioning from demonstration to full operational status, aiming to reshape how satellites are managed throughout their lifecycle.
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