South Korean rocket startup Unastella closed a $24 million Series B, bringing its total funding to $44 million. The Seoul-based company launched its UNA EXPRESS-I rocket in May 2025 and is developing small-satellite launch services.
South Korean startup Unastella successfully conducts a test launch of its independently developed small rocket from a site in Goheung, South Jeolla Province. The launch is described as South Korea’s first private rocket launch.
Unastella raises 19.5 billion KRW in Series A funding from 11 venture capital firms, bringing its total investment to 28 billion KRW. The funding comes ahead of the company's first test launch.
Unastella, a startup developing a manned space launch vehicle, is selected for the TIPS government-backed startup accelerator program. The selection provides the company with 500 million KRW in research and development funding over two years.
