Spaceium Closes $6.3M Seed Funding

Spaceium, a Los Angeles, CA-based company building a network of in-space refueling stations, raised $6.3M in funding.

The round was led by Initialized Capital, with participation from Zeno Ventures, Olive Tree Capital, DTX Ventures, 16Z Scout Fund, Crosscourt Ventures, Giangels, Calm Ventures, Alumni Ventures, Spacedust Ventures, Capitalize Funds, Outfit ventures, Mergus Ventures, Hydrocarbon Minerals, and angels like Saturning Pugnet (Worldcoin) and Justin Hamilton
(Clutterbot).

The company intends to use the funds to expand operations and its development efforts.

Co-founded by Ashi Dissanayake and Reza Fetanat, Spaceium builds in-space infrastructure to support interplanetary missions enabling refueling in space that allows spacecraft to extend lifespans, conduct more operations in space and reduce launch costs.

After participating in Y Combinator’s Summer 2024 batch, the company looks to partner with government or commercial space programs, as well as businesses operating in, around, or traveling to: Very Low Earth Orbit (VLEO), Low Earth Orbit (LEO), Geostationary Orbit (GEO), the moon, and Mars.
Spaceium is currently getting ready for the demonstration mission and plans to build the space superhighway.