Out Of This World: Montréal Start-up Raises $47 Million in Series C Funding Round

NorthStar Earth & Space, a Montréal-based start-up, recently concluded a $47 million CAD Series C funding round led by Cartesian Capital Group with participation from Telesystem Space and the Québec government. NorthStar offers a commercial service to monitor space traffic via satellites outfitted with specialized optical sensors. NorthStar hopes to help satellite operators manage their fleets effectively, including helping avoid mid-space collisions between satellites.

Previous investors in NorthStar include several nations such as the United States, Britain, and the Grand Duchy of Luxembourg. As Stewart Bain, CEO of NorthStar put it, “[t]he prestigious array of participants reflects the immense importance of NorthStar’s mission to preserve the space environment now and for future generations.” 

This round of funding will help NorthStar launch the first of 24 satellites, which will be launched by Virgin Orbit in mid-2023. With space being the final frontier, NorthStar aims to keep it safe.