Legend Capital has led a RMB150 million (US$22 million) series B round in Chinese commercial satellites developer Spacety, according to Spacety’s announcement. Other investors including K2VC, Matrix Partners, Maintrend Capital and Dianke Xinghe Fund, a fund backed by Chinese property developer Galaxy Holding Group, also participated in the round. Founded in 2016, Spacety specializes in developing commercial micro/nano-satellites. It aims to provide short-cycle, low-cost and one-stop services to scientists, research institutes, and commercial companies, for science experiments and technology demonstrations. …

Legend Capital Leads $22M Series B Round In Chinese Commercial Satellites Developer Spacety appeared first on China Money Network.