NextFin News — Xingyi Space has completed an A-round capital increase and strategic investment, raising several hundred million yuan, the company said.
The round introduced investors including Jiangsu Venture Capital, Lihe Qingdong, Septwolves Holdings, Zhichen Investment, Lanxi Capital and Haixi Venture Capital. Xingyi Space focuses on the design, construction and operation of commercial spacecraft tracking, telemetry and control networks, providing related software and hardware services.
The financing follows an earlier Pre-A round and will support further expansion of the company’s global measurement and control infrastructure as well as technology development.
Explore more exclusive insights at nextfin.ai.
