Lausanne, Switzerland-based ClearSpace, an In-Orbit Services (IOS) company, announced on Thursday that it has secured €26M in a Series A round of funding led by OTB Ventures and Swisscom Ventures.
Luxembourg Future Fund, Lakestar, In-Q-Tel, Happiness Capital, and 600 T Space Investments also participated in the round.
The company will use the funds to accelerate the movement toward the sustainable use of space. As a part of the funding round, ClearSpace is establishing an operational presence in Luxembourg.
The Swiss company is ramping up operations ahead of the world’s first space debris removal mission, ClearSpace-1, scheduled to launch in 2026.