Starfish Space Valuation, Funding & Investors

Starfish Space is valued at $27M as of August 2021.

Last Starfish Space valuation

$27M

Seed · Aug 2021

Last Starfish Space funding round

$112M

Series B · Apr 2026

Cumulative funding Starfish Space raised

$170M

across 6 funding rounds

Key investors in Starfish Space

  • NFX
  • Toyota Ventures
  • Munich Re Ventures
  • PSL Ventures
  • Point72 Ventures
  • MaC Venture Capital

Starfish Space Overview

About Starfish Space

Starfish Space is a builder of small space tugs for on-demand in-space transportation, headquartered in Kent, Washington. The company's Otter tug performs satellite life extension, orbit raising, relocation, deorbiting, and inspection missions using hydrazine propulsion and laser docking. Launched in 2021, Starfish secured NASA contracts for OTIS technology and U.S. Space Force demonstration flights. Its vehicles operate in low Earth orbit, servicing government and commercial constellations like Starlink relays.


Founded

2019

HQ

United StatesSeattle, WA

Status

Privately held

Customer focus

B2B & B2G

Revenue model

Services

Valuation

$27M (Aug 2021)

Starfish Space Valuation

Starfish Space is currently valued at $27M, based on its seed round in August 2021.

The $7M round was led by MaC Venture Capital and NFX, with participation from Elias Montanari, Liquid 2 Ventures, Rob Meyerson, Hypothesis, PSL Ventures and 1 other investor.

Starfish Space valuation by funding round

Starfish Space valuation by funding round
DateStageValuation
Aug 2021Seed$27M

Starfish Space Funding History

Starfish Space has raised a total of $170M across 6 funding rounds.

Starfish Space's first fundraising round was a $500K pre-seed round in October 2020. The most recent completed round was a $112M Series B in April 2026.

Starfish Space funding rounds

Starfish Space funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Apr 2026Series BActivate Capital Partners (lead); Point72 Ventures (lead); Shield Capital (lead); Nomi Capital; Toyota Ventures; NightDragon; Industrious Ventures; NFX; Munich Re Ventures; Gaingels; PSL Ventures; Overlap Holdings$112M--
Nov 2024Series AAlumni Ventures (lead); Shield Capital (lead); Point72 Ventures; Toyota Ventures; Trousdale Ventures; Industrious Ventures; TRAC.vc; Aero X Ventures; NFX; Booz Allen Ventures; Munich Re Ventures; Jackson Moses$29M-Starfish Space announced a $29 million Series A funding round led by Shield Capital in November 2024, with participation from new investors Point72 Ventures, Booz Allen Ventures, Aero X Ventures, Trousdale Ventures, and TRAC VC, as well as existing investors Munich Re Ventures, Toyota Ventures, NFX, and Industrious Ventures. The company, founded in 2019 and based in Tukwila, Washington, develops the Otter, an autonomous satellite servicing vehicle designed for life extension missions on geostationary satellites and disposal missions for low Earth orbit satellites. The round brought Starfish's total venture funding to over $50 million. The funding was designated to advance development and launch of the first three full-size Otter servicing vehicles. These spacecraft are supporting multiple government and commercial missions, including contracts with Intelsat for satellite life extension, NASA for orbital debris inspection, and the U.S. Space Force. By the time of this round, Starfish had demonstrated technical progress through its Otter Pup test mission in 2023 and had secured significant contracts including a $37.5 million STRATFI contract with the U.S. Space Force announced in May 2024. The company positions itself in the emerging on-orbit servicing market, addressing satellite life extension, deorbiting, and inspection needs across both government and commercial sectors. CEO Austin Link emphasized the goal of making satellite servicing affordable enough that customers would prioritize the benefits over costs. Following this November 2024 round, Starfish continued to win additional government contracts, including a $54.5 million Space Force contract for an Otter spacecraft announced in February 2026, and a $52.5 million contract for end-of-life satellite disposal services, the first such agreement for LEO constellation deorbiting.
Mar 2023Series AMunich Re Ventures (lead); Toyota Ventures (lead); MaC Venture Capital; NFX; PSL Ventures; Duro Ventures$14M-Starfish Space, founded in 2019 by former Blue Origin engineers based in Tukwila, Washington, is a satellite servicing company that develops the Otter spacecraft platform to extend the lifespan of existing satellites and reduce space debris. The company's core technology enables autonomous rendezvous, docking, and propulsion capabilities for in-space servicing missions. In March 2023, Starfish Space closed a $14 million Series A funding round led by Munich Re Ventures, with participation from Toyota Ventures and returning seed investors PSL Ventures, NFX, and MaC VC. The round proceeds were designated to complete development of the Otter Pup prototype and the full-size Otter spacecraft, and to support the company's first orbital demonstration mission scheduled for that year. By November 2024, Starfish had raised over $50 million across multiple rounds, demonstrating strong investor confidence in the satellite servicing market opportunity. The company has secured significant customer contracts including missions for Intelsat, the U.S. Space Force, and NASA.
Mar 2023SeedSpacecadet Ventures (lead)$8M-Starfish Space develops satellite servicing vehicles, including the Otter Pup prototype and full-size Otter spacecraft, for life extension missions on geostationary satellites and disposal missions in low Earth orbit. Founded in 2019 by former Blue Origin and NASA engineers, the company is based in Washington state and focuses on autonomous, software-driven technology using off-the-shelf components to provide affordable in-orbit servicing. In March 2023, Starfish Space raised $7.5 million in a seed round led by Spacecadet Ventures to scale operations and advance technology development. This followed a September 2021 investment of $7 million from investors including NFX, MaC Venture Capital, PSL Ventures, Boost VC, Liquid2 Ventures, and Hypothesis. Later that month, the company secured a $14 million Series A round led by Munich Re Ventures, with participation from Toyota Ventures and prior investors, bringing total funding over $21 million at that point. Starfish Space also received grants in 2023, including $3 million and $150,000 from undisclosed sources and NASA in March and June, respectively, and $1.8 million from AFWERX in August, to support project milestones and research. Subsequent developments include a $29 million Series A in November 2024 led by Shield Capital and Alumni Ventures, increasing total funding to over $50 million, to launch three Otter vehicles for missions with Intelsat, U.S. Space Force, and NASA.
Aug 2021SeedMaC Venture Capital (lead); NFX (lead); Elias Montanari; Liquid 2 Ventures; Rob Meyerson; Hypothesis; PSL Ventures; Boost VC$7M$27MStarfish Space, founded by Blue Origin veterans, closed a $7 million seed round in September 2021 co-led by NFX and MaC Venture Capital, with participation from PSL Ventures, Boost VC, Liquid2 Ventures, and Hypothesis. The company develops satellite servicing and orbital debris removal technology, with two primary products: the Otter spacecraft and an autonomous software system called Cephalopod for rendezvous, proximity operations, and docking in space. The funding supported expansion of the company's team from eight to sixteen employees and accelerated development of the Otter space tug, which was designed to extend the lives of geostationary satellites and safely remove debris from low-earth orbit. Approximately one month before closing this round, Starfish Space won a $1.7 million Phase II SBIR contract from the U.S. Space Force for continued Cephalopod software development.
Oct 2020Pre-seedSeraphim Space IT; Boost VC$500K--

Who has invested in Starfish Space?

27 investors have backed Starfish Space across its funding rounds, including NFX, Toyota Ventures, Munich Re Ventures, PSL Ventures, Point72 Ventures and MaC Venture Capital.

Lead investors include Activate Capital Partners, Point72 Ventures, Shield Capital, Alumni Ventures, Munich Re Ventures and 4 other investors.


Starfish Space Investors

Investors in Starfish Space by funding rounds participated
InvestorHQRoundsRoleFirst check
NFXUnited StatesSan Francisco, CA4LeadAug 2021
Toyota VenturesUnited StatesSan Francisco, CA3LeadMar 2023
Munich Re VenturesUnited StatesSan Francisco, CA3LeadMar 2023
PSL VenturesUnited StatesSeattle, WA3ParticipantAug 2021
Point72 VenturesUnited StatesNew York City, NY2LeadNov 2024
MaC Venture CapitalUnited StatesAbilene, TX2LeadAug 2021
Industrious VenturesUnited StatesDenver, CO2ParticipantNov 2024
Shield CapitalUnited StatesSan Francisco, CA2LeadNov 2024
Boost VCUnited StatesSan Francisco, CA2ParticipantOct 2020
Nomi CapitalUnited StatesNew York City, NY1ParticipantApr 2026
NightDragonUnited StatesUnited States1ParticipantApr 2026
Elias MontanariItalyItaly1ParticipantAug 2021
Liquid 2 VenturesUnited StatesSan Francisco, CA1ParticipantAug 2021

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Starfish Space Competitors

Starfish Space competitors include listed companies like XTI Aerospace and Liftero, and private ones like Proteus Space, GRIFF Aviation, Cosmoserve Space and Equatorial Space.

Public and private companies comparable to Starfish Space
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Proteus SpaceUnited StatesLos Angeles, CAPrivate--$28M-
GRIFF AviationNorwayTornes i RomsdalPrivate--$25M-
Cosmoserve SpaceIndiaHyderabadPrivate--$25M-
Equatorial SpaceSingaporeSingaporePrivate--$22M-
XTI AerospaceUnited StatesUnited StatesPublicly listed$22M($52M)$35M0.4x
LifteroPolandPolandPublicly listed$442K($253K)$59M-

Starfish Space Public Comps

Starfish Space is still privately-owned, but its public comps include Porto Aviation Group, Turbomecanica, Drone Volt, OXE Marine, XTI Aerospace, EdgeLab, AVTECH Sweden, Orbital Corp, Structural Monitoring Systems and Thorium Space.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Porto Aviation Group$4M$610K5.1x4.5x36.4x17.1x
Turbomecanica$31M$8M1.0x-3.9x-
Drone Volt$10M($11M)3.3x2.4x(2.9x)(8.7x)
OXE Marine$19M($3M)1.4x2.0x(8.1x)(5.0x)
XTI Aerospace$22M($52M)1.9x0.4x(0.8x)(1.4x)
EdgeLab$256K($619K)60.8x-(25.1x)-
AVTECH Sweden$5M$2M2.9x2.9x6.2x7.4x
Orbital Corp$6M($2M)3.2x-(9.5x)-

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Common questions about Starfish Space

When was Starfish Space founded?Starfish Space was founded in 2019.
Where is Starfish Space headquartered?Starfish Space is headquartered in Seattle, WA, United States.
Is Starfish Space publicly listed?No, Starfish Space is a private, VC-backed company.
What is Starfish Space's valuation?Starfish Space was last valued at $27M in its seed round in August 2021.
How much funding has Starfish Space raised?Starfish Space has raised $170M across 6 funding rounds.
What was Starfish Space's last funding round?Starfish Space's last funding round was a $112M Series B in April 2026, led by Activate Capital Partners, Point72 Ventures and Shield Capital.
Who are Starfish Space's investors?Starfish Space's investors include NFX, Toyota Ventures, Munich Re Ventures, PSL Ventures, Point72 Ventures, MaC Venture Capital, Industrious Ventures, Shield Capital, Boost VC, Nomi Capital and 17 others.
Which companies are comparable to Starfish Space?Companies comparable to Starfish Space include Proteus Space, GRIFF Aviation, Cosmoserve Space, Equatorial Space, XTI Aerospace and Liftero.

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