Led · Series C · Jan 2026

Space BD operates as an end-to-end space services provider, offering satellite launch (launch brokerage and rideshare), International Space Station utilization, technical project management, space hardware import/export, and education services. The company has established partnerships with global rocket providers and reports handling more than 100 satellites. In June 2026 it executed a privately led rideshare on Japan's H3 rocket No.6, marking a notable operational milestone. Space BD was founded in September 2017 and is based in Nihonbashi, Chuo-ku, Tokyo. The company positions itself as a hub for commercial access to space and continues to expand its launch service network and mission management capabilities. The announcement of its Series C indicates ongoing investor interest, though financial results and revenue figures were not disclosed.

Participated · Series C · Jul 2024

EneCoat is a solar-cell supplier engaged in research, development, production and sales of solar cell materials. The company develops and supplies perovskite (钙钛矿) thin-film solar cells and related products. It focuses on providing solar cell products and services to industry users. EneCoat announced a $35 million Series C financing, representing a new external capital injection. The reported investors include Chushin Venture Capital Fund VI, Hakuto, The Chugoku Electric Power, Nishimatsu Construction, ShinMaywa Industries, Kyoto Capital & Partners, Mitsubishi HC Capital and Mitsubishi UFJ Capital. The articles do not disclose operating metrics, use of proceeds, founding year, or location.

Participated · Series A · Jun 2024

Formic Technologies designs, develops and maintains industrial robots and automation systems, focusing on tasks such as palletizing and packaging. The company combines proprietary software with hardware deployments to provide optimized automation solutions tailored to individual client needs, primarily serving small and medium-sized businesses. It bundles these solutions with a financing model and subscription-based service to lower the upfront and ongoing burden of robot deployment and maintenance. Formic offers deployment, installation and maintenance services to accelerate automation adoption in manufacturing. The company says it will use the investment to develop a new business model that makes its automation solutions more accessible to customers. Formic is based in Chicago, Illinois; the amount of the recent investment was not disclosed. Formic delivers fully supported Robots-as-a-Service automation to U.S. manufacturers, handling deployment, continuous monitoring, maintenance and guaranteed performance rates. Founded in 2020 and based in Chicago, the company charges customers a low hourly rate that removes capital and operational barriers to automation adoption. In 2.5 years Formic’s fleet completed 100,000 production hours at more than 99% uptime and expects another 100,000 hours in the next 170 days; it reports rapid growth in deployed systems, customers and repeat business. Formic highlights a 97% renewal rate and says 75% of its customers are automating material handling for the first time. The company plans to expand its standardized equipment fleet, increase its U.S. support network to shorten response times, and enhance its equipment-agnostic AI-driven motion-planning, predictive maintenance and customer-facing software. These moves are intended to accelerate deployment timelines and broaden access to automation for small- and mid-size manufacturers. Formic Technologies provides turnkey robotic solutions to American manufacturers via a Robots-as-a-Service (RaaS) model, delivering, installing, and maintaining robots billed by the hour. It sources equipment from partners such as Universal Robots, FANUC, KUKA and ABB and owns the programming, installation, and servicing so customers avoid upfront investment. The company emphasizes systematized deployment and in-house equipment financing to reduce complexity and cost for factories. Early customers include Polar Manufacturing and Georgia Nut, and Formic positions its offering to address labor shortages and supply-chain pressures. Financially, Formic raised a $26.5 million Series A, has secured access to more than $100 million of debt capital, and is valued at over $100 million. The company has expanded its board and management team to scale rapid deployments.

Participated · Series A · Jun 2024

Formic delivers Robots-as-a-Service (RaaS) automation to U.S. manufacturers, bundling hardware, deployment, continuous monitoring and maintenance under a low hourly fee. Its equipment-agnostic software uses AI for motion planning, predictive maintenance and system design, with customer dashboards and intuitive interfaces. In 2.5 years Formic’s fleet has completed 100,000 production hours at more than 99% uptime and expects another 100,000 hours in the next 170 days. The company plans to expand its standardized equipment fleet to shorten lead times, increase its U.S. support network to improve response times and enhance its AI-driven software. Formic reports fast growth across key operational metrics—7x robot production hours, 3x deployed systems, 2x customer base, 80% increase in repeat business, 4x faster deployment time, and a 97% renewal rate. Founded in 2020 and operating from Chicago, Formic positions its RaaS model as a way to remove capital and operational barriers to automation adoption.

Participated · Equity · Jun 2024

MUSE builds and sells Armo, a store robot that automates in-store shelf stocking, EC picking and transports between backroom and shelves. Armo also scans shelf conditions and stores that data in MUSE’s Eureka Platform for real-time shelf visibility, out-of-stock detection, planogram drift and price checks. The robot supports customer-guidance features to lead shoppers to items and accepts modular extension units — e.g., transport, imaging and guidance — to serve multiple store tasks. MUSE says the system both raises staff productivity and creates a database that can be used for marketing and operational optimization. The company plans to accelerate Armo’s service deployment using the newly raised capital and has moved from a December 2023 verification with Belc to normal operations at two Saitama stores from June. MUSE was founded in April 2022 and previously closed a seed round in October 2022.