Lonestar Data: Closes $5M Seed Financing

Lonestar Data Closes $5M Seed Financing

  • Lonestar Data Holdings, a St Petersburg, FL-based space startup, raised $5M in Seed funding
  • The round was led by Scout Ventures and joined by Seldor Capital, 2 Future Holding, The Veteran Fund, Irongate Capital, Atypical Ventures, and KittyHawk Ventures
  • The company intends to use the funds to accelerate its growth and expand its offerings to meet the needs of its clients around the world
  • The company works to extend terrestrial data services to the Moon for both the terrestrial archival market and to support space operations with data analytics, archival services and broadband relay to terrestrial public and private clouds
  • The company is scheduled to launch a series of data centers to the lunar surface in 2023
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Varo Financial Raises $123.9 Million in Funding Boost

The latest funding round strengthens Varo's financial position and growth plans.Highlights: Varo Financial secures $123.9 million in new...

NatWest to Shut 32 Branches, Tightening Its Retail Network

The bank aims to streamline operations amid changing customer habits.Highlights: NatWest to close 32 branches in a strategic...

Novum Secures UK Pension Fund Backing, Strengthening Fintech Growth

Funding supports expansion of innovative financial services in the UK.Highlights: Novum has received investment from a UK pension...

Apax Spins Out Finastra Treasury and Capital Markets Business, Strengthening Focus

Finastra's TCM unit now operates under the new brand Teciem.Highlights: Finastra's Treasury and Capital Markets unit has been...