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Karman+

Extracts water and metals from asteroids

Overview

Karman Plus targets near-Earth asteroids, especially carbonaceous ones, to extract water and other materials for space use and potentially Earth applications. The approach centers on planning and executing asteroid mining missions (starting with the 2026 High Frontier) and developing the necessary spacecraft, mining techniques, and processing methods, including offering payload opportunities. It differentiates itself by entering the space-resource market early and using multiple revenue streams: selling extracted materials to agencies and companies, selling payload slots on missions, and licensing mining technology. Its goal is to enable sustainable space exploration by supplying in-space resources and supporting resource sustainability on Earth.

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About Karman+

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Industries

Robotics & AutomationIndustrial & ManufacturingEnergyAerospace

Company Size

11-50

Company Stage

Seed

Total Funding

$46M

Headquarters

Denver, CO

Founded

2022

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Funding

Total Funding

$46M

Above

Industry Average

Funded Over

3 Rounds

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.
Seed Funding Comparison
Above Average

Industry standards

$3.3M
$2M
$2.3M
$3M
$20M

Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Life Insurance
  • Disability Insurance
  • 401(k) Retirement Plan

Company News

Tech Company News
Feb 25th, 2025
Karman+ Secures $20 Million To Mine Asteroids And Support The Growing Space Economy

Karman+ secures $20 million in funding to develop low-cost asteroid mining technology aimed at supplying fuel and resources for the expanding space economy.

Bitcoin World
Feb 20th, 2025
Karman+ Secures $20M for Asteroid Mining

Karman+, a pioneering startup, has secured $20M in seed funding to develop autonomous spacecraft for asteroid mining. Their goal is to extract resources like water from asteroids to refuel space tugs and extend satellite lifespans, potentially revolutionizing space resources. By leveraging autonomous technology, Karman+ aims to reduce mission costs significantly. Despite challenges, their 2027 launch target is supported by investors like Plural and Hummingbird Ventures.

TechCrunch
Feb 19th, 2025
Karman+ digs up $20M to build an asteroid-mining autonomous spacecraft | TechCrunch

Investors on the lookout for startups working at the frontiers of technology are casting their nets ever further into unchartered territory, sometimes

PR Newswire
Feb 13th, 2025
Karman IPO: 23M Shares at $22 Each

Karman Holdings Inc. announced the pricing of its IPO, offering 23 million shares at $22 each. The offering includes 8.42 million shares from Karman and 14.58 million from existing stockholders, with no proceeds to Karman from the latter. Shares will trade on the NYSE under "KRMN" starting Feb. 13, 2025. Underwriters have a 30-day option to buy an additional 3.45 million shares. Citigroup and Evercore ISI are leading the offering. The IPO aims to raise funds for general corporate purposes.

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