Jae Park's Unastella raises $24 million to chase Korean orbital launch
Altos Ventures led the Series B for the pre-revenue Seoul rocket maker, which says it flew UNA EXPRESS-I from Goheung in May 2025.
By Ryan Merket · Published
Primary source: TechCrunch
Why it matters
Unastella is trying to turn South Korea's government-led rocket know-how into a private launch business, but the $24 million round mainly buys time to prove orbital capability.
Jae Park's Unastella has raised a $24 million Series B led by Altos Ventures, bringing the Seoul rocket maker's total funding to $44 million, TechCrunch reported.…