China’s privately financed One Space launch-service provider closes $44M Series B round

by Peter B. de Selding

SOUTHAMPTON, New York — Chinese launch-service provider One Space, which is building a small-satellite launch vehicle apparently on the strength of private investment, has closed a Series B financing round with 300 million Chinese yuan ($44 million) from five investors.

The round, which brings to nearly 800 million yuan the amount of funding raised by One Star since 2016, was led by CICC Jiatai Fund and includes Series A lead investor Qianhai Wutong Mergers and Acquisition Funds (QHMA), Qianhai Wande Fund, China Merchants Venture Capital Management and FinTrek Capital.

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