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InnoSpace is a South Korean aerospace company dedicated to developing and providing dedicated launch services for small satellites. The firm leverages hybrid rocket technology for its launchers, offering a distinct approach to space access. This technical foundation enables efficient, flexible, and cost-effective deployment of diverse payloads.
Dr. Kim Soo-jong founded InnoSpace in 2017, bringing extensive aerospace engineering expertise. With advanced degrees from Korea Aerospace University and experience as a research scientist, Dr. Kim recognized the burgeoning need for accessible small satellite launch solutions. This insight propelled hybrid rocket propulsion development to address specific market demands.
InnoSpace primarily targets small satellite operators, including commercial enterprises, research organizations, and government agencies seeking flexible deployment. The company's vision is to become a leading provider of low-cost, low-latency launch services, democratizing space access. Through ongoing innovation, InnoSpace aims to support an expanding array of global space missions.
InnoSpace has 2 tracked investments across 2 companies. The latest tracked deal is $1.4M Seed in UniFAHS in January 2024.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jan 4, 2024 | UniFAHS | $1.4M Seed | Ankit Upadhyay | Pang (thitirat) Sittakaradej |
| Sep 1, 2020 | FreshKet | $3.0M Series A | Openspace Ventures | Frontier Ventures, NGC Ventures, Square PEG Capital, Ivan Arie Sustiawan, Pamitra Wineka, Denis Asia Pacific, ECG Research, Seeders Club |