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ElevationSpace

Space · Sendai, Japan · Founded 2021

Reusable satellite platform for in-orbit manufacturing and recovery MoreLess

ElevationSpace Inc. is a Japanese space-tech startup established in February 2021 as a spin-off from Tohoku University. The company was co-founded by CEO Ryohei Kobayashi and CTO Toshinori Kuwahara. Kobayashi, who studied space architecture, leads the company with a vision conceived during his time at the university. Kuwahara is a professor at Tohoku University and a specialist in small satellite development. The management team also includes COO Kazunari Miyamaru and CFO Hiroshi Imakubo.

ElevationSpace is developing services to address the upcoming decommissioning of the International Space Station (ISS) in 2030, which will create a gap in space environment utilization. The firm's core offerings are the "ELS-R" and "ELS-RS" platforms. ELS-R is an uncrewed, reusable small satellite service that enables in-orbit research, development, and manufacturing in a microgravity environment, with the capability to return materials and results to Earth. This service provides a more frequent, cost-effective, and flexible alternative to experiments on the ISS. The ELS-RS is a high-frequency cargo return service designed to retrieve payloads from crewed space stations. Leveraging Japan's expertise in atmospheric re-entry technology, these platforms are designed to provide a reliable two-way transportation system between orbit and the ground.

The company's business model centers on providing these space transportation and experimentation services to a range of clients, including private companies and research institutions that need access to microgravity environments. The first major project is the "AOBA" satellite, Japan's first commercial re-entry satellite, scheduled for launch from late 2026. This 220kg-class satellite will carry experimental payloads from various companies, conduct in-orbit experiments, and then return to Earth. As of September 2025, ElevationSpace had raised a total of 3.7 billion yen (approximately $3.7B USD) through multiple funding rounds, including a pre-series B round, to accelerate the development of its platforms and the production of the "Aoba" flight model.

Keywords: space transportation, re-entry technology, microgravity research, in-orbit manufacturing, reusable satellites, orbital services, post-ISS solutions, space-to-Earth recovery, commercial space, ELS-R, AOBA satellite, space logistics, cargo return service, satellite development, atmospheric re-entry, space experiments, Tohoku University spin-off, Ryohei Kobayashi, Toshinori Kuwahara, space platform

Company overview

ElevationSpace company information

The essential company record, classifications and operating signals in one place.

Status
Operational
Founded
2021
Headquarters
Sendai, Japan
Employees
39
Open positions
None listed
Dealroom signal
83.6
client focusb2btechnologyHardwaretechnologyDeep Techbusiness modelManufacturingsectorSpace TechsectorSpace ExplorationsectorIn-Space ManufacturingsectorIn-Space Human PresencesectorSpace UpstreamsectorHard TechsectorNIF defense security and resiliencesectorNIF freedom of operations and mobilitysectorDT and LSsectorscience-based

Valuation & funding

ElevationSpace funding history

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
EARLY VCEquity / VC Jun 2026 $0 Nippon Express
EARLY VCEquity / VC Jun 2026 $0 NTT DOCOMO Ventures
DEBTDebt Sep 2025 $4.2M JA Mitsui Leasing
EARLY VCEquity / VC Sep 2025 $4.2M $54M Beyond Next Ventures · Genesia Ventures · FFG Venture Business Partners · Gogin Capital
SERIES AEquity / VC Jul 2024 $11M $43M SPARX Asset Management · Nissay Capital · FFG Venture Business Partners · The Sendai Bank
SEEDEquity / VC Mar 2022 Genesia Ventures · Plug and Play · Leave a Nest · Mirai Souzou
SEEDEquity / VC Jun 2021 Undisclosed
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Financials

Workforce over time

Available workforce history. Financial fields without reported data are omitted.

YearEmployees
2026 39
2025 28
2024 21
2023 19
2022 16
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Growth signals

ElevationSpace website traffic

Latest recorded traffic for ElevationSpace is 9.2K monthly website visits, up 29.6% over the last three months. ElevationSpace's team grew 39.3% over the past year.

Latest monthly visits9.2K 3-month web change+29.6% 1-year team growth+39.3%
Monthly website visits44 observations · Dec 2022–Jul 2026
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Comparisons

ElevationSpace compared with similar companies

Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.

Showing 8 of the closest matchesCompare every metric →

Talent graph

ElevationSpace's talent

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Team profiled 5 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Investors

21 investors on ElevationSpace's cap table

Sourced from Dealroom's funding and investor records. Investor profile links are shown where available.

Seed 5 investors entered at this stage
Genesia Ventures
Plug and Play
Leave a Nest
Mirai Souzou
Tohoku University Venture Partners
Series A 12 investors entered at this stage
Beyond Next Ventures
SPARX Asset Management
Nissay Capital
FFG Venture Business Partners
The Sendai Bank
Globe Advisors Ventures
Kyoto Chuo Shinkin Bank
Gogin Capital
Z Venture Capital
Shin Nippon Air Technologies
Nippon Express
NTT DOCOMO Ventures
Series B+ 1 investor entered at this stage
JA Mitsui Leasing
Other known 3 additional known investors
Canal Ventures
Seraphim Space
Spurcle

Global footprint

Where ElevationSpace has talent and traffic

Workforce by country
2 countries with
team presence
🇯🇵 Japan72.4%
🇱🇺 Luxembourg6.9%
2 countries shown

In the news

Latest news about ElevationSpace

Recent press, funding announcements, and product moves mentioning ElevationSpace — open to read from the original sources.

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Market sentiment

What the market is saying about ElevationSpace

An AI-synthesized read of the highest-engagement posts about ElevationSpace on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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