Mishcon de Reya has advised London-based space research and technology company Lodestar Space on its recent $2.5 million pre-seed funding round.
The investment round was co-led by deep tech venture capital funds Inflection.xyz and Lunar Ventures. The round also saw participation from individual investors, including Charlie Songhurst, Zehan Wang and Mehdi Ghissassi, as well as institutional support from the UK Space Agency through non-dilutive funding.
Founded in 2023 by aerospace engineers Thomas Santini and Neil Buchanan, Lodestar Space is developing capabilities for physical interaction with space assets that underpin both national security missions as well as the future of commerce beyond Earth.
The team has recently completed a successful zero-gravity test in collaboration with the Aurelia Institute and MIT and is targeting an in-orbit demonstration with an uncooperative space asset by the end of 2025.
Chris Keen, Partner in the Corporate department and Head of the Emerging Companies group, commented: "We are thrilled to have had the opportunity to advise Lodestar Space on this key funding round. Their commitment to advancing space technology not only paves the way for future innovation but also plays a critical role in the protection and build-up of our space infrastructure. It's an exciting time for the industry, and we are proud to support Lodestar Space as they embark on this next chapter".