Nantong Development Zone Intelligent Manufacturing Industry Investment Fund
南通开发区智能制造产业投资基金
The Nantong Development Zone Intelligent Manufacturing Industry Investment Fund is a Chinese regional government-backed fund that led the November 2020 funding round for satellite internet company GalaxySpace, as reported by 5Y Capital, Source Code Capital, and elsewhere . The fund's name indicates it is anchored in Nantong Development Zone with a mandate focused on intelligent manufacturing sector investment. elsewheres corpus does not contain further details on its AUM, founding date, or broader portfolio beyond this GalaxySpace deal.
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Rongbao · November | Yatsen Holding and Ucommune successfully list on US equities, Nuro closes Series C funding
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Source Code Capital portfolio company GalaxySpace announces new funding round, with existing shareholder Source Code Capital continuing to increase its stake
GalaxySpace, the first unicorn in China's commercial aerospace and satellite internet sectors, has now entered the final assembly phase for its second self-developed broadband communications satellite.
GalaxySpace Closes New Funding Round to Accelerate China's Satellite Internet Buildout
Continue investing in satellite internet R&D and rapidly build low-cost, mass-production capabilities for next-generation internet satellites.
5Y News | GalaxySpace Closes New Funding Round, Becoming China's First Satellite Internet Unicorn
GalaxySpace, a leading satellite internet company, has closed its latest funding round at a post-money valuation of nearly RMB 8 billion.
