Plural co-leads $20M seed round to Karman+
Karman+ seeks to mine space resources from near-Earth asteroids to provide abundant, sustainable energy and resources in space and on Earth. This space frontier is on track to become a multi-trillion dollar economy, providing critical communications, intelligence, research, and manufacturing that impact our daily lives.
Karman+ is on a mission to make commercial asteroid mining a reality with scalable low-cost missions that reduce the cost of delivering material to customers by several orders of magnitude.
Teun van den Dries, co-founder and CEO of Karman+ said: “The idea of mining asteroids has moved out of science fiction and academic research into a commercial market opportunity that we can build for today. Over the next two years, we are building the technology and infrastructure to make it possible to access materials in orbit and transform them into rocket fuel to supply the space economy. We believe the Regolith Age, powered by abundant space resources, is an inevitability that we can accelerate and we’re delighted to have the support of passionate investors on this journey with us.”
Sten Tamkivi, Partner at Plural said: “Opening up the space economy will be essential in the long term to build our resilience here on Earth for solving challenges like climate change by accessing these critical materials. But many steps must be taken before we get there. Teun and Daynan are ripping up the space rulebook and using their previous startup experience to build a new type of asteroid mining company that will first tap into a great need: supplying water and fuel to existing space programs. I’m excited to partner with a successful, experienced founder on such a globally significant mission.”
Barend van den Brande, partner at Hummingbird said: “Karman+ is going to open up asteroid mining and provide the means to support the space economy, first for fuel and manufacturing in the future. The founders have an impressive track record and the momentum to break down barriers that have held this industry back from making an impact. We look forward to being a part of their exciting journey.”
For more information, visit: https://www.karmanplus.com/karman-raises-20-million-to-mine-asteroids-to-supply-the-space-economy-2/