Singaporean rocket startup Equatorial Space has secured USD1.5 million in pre-Series A funding in a round led by Farquhar Venture Capital, with Paspalis participating.
Equatorial Space is a Techstars-backed, Singapore-headquartered rocket propulsion and launcher company founded in 2017. Its group includes wholly owned subsidiaries American Space Inc. and Equatorial Space Systems Australia Pty Ltd.
The funding will support the company’s development of Dorado-sounding rockets and associated infrastructure, including a new static firing test facility at Hidden Valley, Northern Territory.
In 2020, Equatorial Space became the first company in Southeast Asia to test launch a commercially developed rocket prototype, testing its core technologies. It aims to begin orbital launch services in 2026
“Having known the team at Equatorial Space for nearly half a decade, we are impressed by their dramatic progress over the years and bullish on their future in the global space tech ecosystem,” says Farquhar’s Chief Investment Officer Jason Su. “We are delighted to have become their latest lead investor as the company gears towards key test flights later in the year.”
“Paspalis supports numerous deep tech ventures from the Asia Pacific region and has been long confident in the calibre of talent and tech in Singapore’s space community,” said Paspalis Corporation CEO Harley Paroulakis. “We have great confidence that the synergies across both our ecosystems will enable Equatorial Space to become a market leader in space launch very soon.”
“For the first time in our journey, we are now in possession of a conducive site where our engines can be conveniently tested at scale,” said Equatorial Space Founder and CEO Simon Gwozdz. “We are both grateful and excited to be working with the great community in Darwin on delivering transformative propulsion and launch products to the growing space industry internationally.”
