Mino Space Valuation, Funding & Investors

Mino Space is valued at $589M as of January 2023.

Last Mino Space valuation

$589M

Series B · Jan 2023

Last Mino Space funding round

$143M

Series D · Dec 2025

Cumulative funding Mino Space raised

$403M

across 6 funding rounds

Key investors in Mino Space

  • CDH Investments
  • Plum Ventures
  • Lightspeed China Partners
  • Guangzhou Yuexiu Industrial Investment Fund
  • China Development Bank Capital
  • XVC

Mino Space Overview

About Mino Space

Mino Space is a Beijing-based micro-nano satellite developer manufacturing platforms, payloads, and ground stations for communication and earth observation missions. The firm launched five satellites including optical imaging models for clients in defense and agriculture, operating from Zhongguancun High-Tech Park facilities. Established in 2017, it integrates Ka-band terminals for low-earth orbit constellations serving regional governments.


Founded

2017

HQ

ChinaBeijing

Status

Privately held

Customer focus

B2B & B2G

Revenue model

Product sales

Valuation

$589M (Jan 2023)

Mino Space Valuation

Mino Space is currently valued at $589M, based on its Series B in January 2023.

The $59M round included China Development Bank Capital, Donghao Lansheng Ruili, Haitong Innovation Capital Management, Guangzhou Yuexiu Industrial Investment Fund and Zero2IPO.

Mino Space valuation by funding round

Mino Space valuation by funding round
DateStageValuation
Jan 2023Series B$589M

Mino Space Funding History

Mino Space has raised a total of $403M across 6 funding rounds.

Mino Space's first fundraising round was a $3M seed round in January 2019. The most recent completed round was a $143M Series D in December 2025.

Mino Space funding rounds

Mino Space funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Dec 2025Series DXVC; Beijing Commercial Aerospace and Low-altitude Economic Industry Investment Fund; Chengdu High-tech Ceyuan Capital; Meishan Huantian Industrial Development Group$143M-Mino Space (also referred to as MinoSpace) is a Beijing-based private commercial satellite company focused on satellite manufacturing. In 2020, it closed a Series A2+ round raising nearly RMB 100 million (approximately $14.2 million USD). In 2025, it was part of satellite manufacturers that collectively raised over ¥10B (US$1.43 billion), leading the Chinese space industry funding with companies like Spacety also receiving investments. One source mentions $143 in contexts possibly related to transactions, but without clear ties to valuation or the specific investor group including Beijing Commercial Aerospace and Low-altitude Economic Industry Investment Fund, Chengdu High-tech Ceyuan Capital, Meishan Huantian Industrial Development Group, and XVC. No details on use of funds, traction metrics, or competitive context are available for the queried round. The 2025 funding recap highlights a surge in investments for Chinese launch and satellite firms, with at least 26 rounds noted in related analyses.
Jun 2024Series COriza Prior (lead); Broad Vision Funds; Beijing Amphora Investment Center$138M--
Jan 2023Series BChina Development Bank Capital; Donghao Lansheng Ruili; Haitong Innovation Capital Management; Guangzhou Yuexiu Industrial Investment Fund; Zero2IPO$59M$589M-
Aug 2021Series AGopher Asset Management (lead); Lightspeed China Partners (lead); Power Capital (lead); CDH Investments; Plum Ventures$46M-MinoSpace, also known as Weina Star Technology or Beijing MinoSpace Technology Co., Ltd., is a China-based company providing satellite launch services, developing platforms, payloads, and ground station terminals. It secured nearly RMB300m ($46m) in a pre-Series B round co-led by Lightspeed China Partners, Gopher Asset Management, and Power Capital, matching the specified investors. This followed prior funding including a $14.4m Series A2 in March 2020 led by Billionhome Capital with Nxrobo, and an eight-figure Series A-plus in September 2019 backed by CAS Star, Nxrobo, Kexin Capital, Shenzhen Capital Group, and Yonghua Capital. The company operates in the commercial satellite sector amid China's growing space industry.
Mar 2020Series A-$14M--
Jan 2019SeedCASIC (lead); Boyan fund$3M-MinoSpace is a Beijing-based Chinese satellite technology company founded in August 2017, specializing in research, development, and manufacturing of micro-nano satellite systems, platforms, core components, and satellite applications including electronic communication and optical payloads. The company was established by founders from government sectors like CALT and CAST to commercialize satellite manufacturing. On 20 November 2018, MinoSpace announced it had obtained Series A financing. Subsequent funding included nearly CNY300 million (USD46.2 million) in a pre-B round and later Series B, B+, C1 rounds raising tens to over $137 million.

Who has invested in Mino Space?

19 investors have backed Mino Space across its funding rounds, including CDH Investments, Plum Ventures, Lightspeed China Partners, Guangzhou Yuexiu Industrial Investment Fund, China Development Bank Capital and XVC.

Lead investors include Oriza Prior, Gopher Asset Management, Lightspeed China Partners, Power Capital and CASIC.


Mino Space Investors

Investors in Mino Space by funding rounds participated
InvestorHQRoundsRoleFirst check
Lightspeed China PartnersChinaShanghai1LeadAug 2021
XVCChinaBeijing1ParticipantDec 2025
China Development Bank CapitalChinaBeijing1ParticipantJan 2023
Oriza PriorChinaSuzhou1LeadJun 2024
Donghao Lansheng RuiliChinaChina1ParticipantJan 2023
Broad Vision FundsChinaBeijing1ParticipantJun 2024
Haitong Innovation Capital ManagementChinaShanghai1ParticipantJan 2023
Guangzhou Yuexiu Industrial Investment FundChinaGuangzhou1ParticipantJan 2023
Boyan fundChinaChaoyang1ParticipantJan 2019
Beijing Commercial Aerospace and Low-altitude Economic Industry Investment FundChinaBeijing1ParticipantDec 2025
CASICChinaBeijing1LeadJan 2019
Beijing Amphora Investment CenterChinaBeijing1ParticipantJun 2024
Power CapitalChinaBeijing1LeadAug 2021

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Mino Space Competitors

Mino Space competitors include listed companies like QPS Holdings, Intellian Technologies and Spire Global, and private ones like Sceye, Fleet Space Technologies and D-Orbit.

Public and private companies comparable to Mino Space
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
QPS HoldingsJapanJapanPublicly listed$24M$20M$608M28.2x
SceyeUnited StatesAlbuquerque, NMPrivate--$540M-
Fleet Space TechnologiesAustraliaAdelaidePrivate$25M-$525M-
Intellian TechnologiesSouth KoreaSouth KoreaPublicly listed$233M$26M$516M2.3x
D-OrbitItalyMilanPrivate--$500M-
Spire GlobalUnited StatesUnited StatesPublicly listed$72M($40M)$475M5.1x

Mino Space Public Comps

Mino Space is still privately-owned, but its public comps include Gemini Space Station, QPS Holdings, Intellian Technologies, Spire Global, Ovzon, Gilat Satellite Networks, Avantel, Telesat, Gogo Air and Nilesat.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Gemini Space Station$180M($488M)3.1x3.1x(1.1x)(2.5x)
QPS Holdings$24M$20M21.0x28.2x25.7x124.5x
Intellian Technologies$233M$26M2.7x2.3x23.8x14.8x
Spire Global$72M($40M)5.5x5.1x(9.9x)(13.6x)
Ovzon$75M$34M5.8x4.4x12.8x10.4x
Gilat Satellite Networks$452M$45M1.4x1.3x13.6x10.2x
Avantel$23M$5M17.6x-82.3x-
Telesat$299M($183M)12.7x15.3x(20.9x)38.3x

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Common questions about Mino Space

When was Mino Space founded?Mino Space was founded in 2017.
Where is Mino Space headquartered?Mino Space is headquartered in Beijing, China.
Is Mino Space publicly listed?No, Mino Space is a private, VC-backed company.
What is Mino Space's valuation?Mino Space was last valued at $589M in its Series B in January 2023.
How much funding has Mino Space raised?Mino Space has raised $403M across 6 funding rounds.
What was Mino Space's last funding round?Mino Space's last funding round was a $143M Series D in December 2025.
Who are Mino Space's investors?Mino Space's investors include Lightspeed China Partners, XVC, China Development Bank Capital, Oriza Prior, Donghao Lansheng Ruili, Broad Vision Funds, Haitong Innovation Capital Management, Guangzhou Yuexiu Industrial Investment Fund, Boyan fund, Beijing Commercial Aerospace and Low-altitude Economic Industry Investment Fund and 9 others.
Which companies are comparable to Mino Space?Companies comparable to Mino Space include QPS Holdings, Sceye, Fleet Space Technologies, Intellian Technologies, D-Orbit and Spire Global.

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