Target Information

SpaceIn, a pioneering startup based in Malaysia, is committed to the development of fully locally-made satellites. The company’s vision centers on minimizing the nation's dependence on foreign technology and positioning Malaysia as a notable competitor in the global space economy. With substantial backing from 1337 Ventures, SpaceIn is poised to advance its innovative satellite technologies and contribute significantly to the region's aerospace landscape.

The investment will facilitate the rapid growth of SpaceIn in 2025, focusing on enhancements to its sensor modem and ground segment for the SpaceANT system, in collaboration with the ITIC project. Following the successful launch of Malaysia's inaugural pico satellite, SpaceANT-D, in 2023 with Universiti Sains Malaysia (USM), SpaceIn is now gearing up for the launch of SpaceANT-1, which aims to aid forest management by gathering real-time data from sensors and processing it in the cloud.

Industry Overview in Malaysia

The aerospace industry in Malaysia is steadily evolving, characterized by increasing government support and a push towards innovation. Malaysia has established its ambition to build a sustainable space economy by investing in satellite technology and providing financial backing for local startups such as SpaceIn. The country aims to become a frontrunner in the manufacturing of satellites and space-related technology in the ASEAN region.

In recent years, the Malaysian government has launched various initiatives to stimulate the aerospace sector, including the establishment of the National Space Agency (ANGKASA) and a focus on Research & Development (R&D). This framework encourages collaboration between educational institutions, industry participants, and international organizations to enhance the country's capabilities in space innovation.

Furthermore, there is a growing demand for satellite-based services driven by increased internet connectivity and the digital transformation of various sectors in Malaysia and Southeast Asia. These trends create a fertile ground for startups like SpaceIn, which aim to provide innovative solutions and leverage satellite data for applications across a multitude of industries.

Rationale Behind the Deal

The primary rationale behind the investment by 1337 Ventures in SpaceIn is to empower a homegrown company capable of developing its own satellite technology. By investing in locally-made products, this deal aligns with national priorities to enhance self-reliance in technology for Malaysia’s future economic growth. The partnership not only strengthens SpaceIn’s technological ambition but also positions Malaysia as a key player in the space sector.

The investment will enable SpaceIn to expedite its project timelines, thereby increasing operational efficiency and market reach. By advancing the SpaceANT system, the company anticipates establishing its footprint in Brunei and expanding its service offerings across Southeast Asia.

Investor Information

1337 Ventures is a prominent investment firm that focuses on supporting groundbreaking startups in Malaysia and Southeast Asia. Led by Bikesh Lakhmichand, the firm is dedicated to empowering innovative entrepreneurs whose visions can transform entire industries. 1337 Ventures seeks to leverage investments to catalyze the growth of impactful companies, supporting them with strategic guidance and operational insight.

The firm's investment strategy emphasizes nurturing local talent and technology, with a strong belief in the potential of Southeast Asian startups to disrupt traditional business models. By funding companies like SpaceIn, 1337 Ventures aims to contribute to the broader ecosystem of innovation and technological advancement in the region.

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This deal appears to be a commendable investment for 1337 Ventures, exhibiting potential for significant returns while fostering local innovation. SpaceIn's mission aligns well with national priorities, providing a dual benefit of economic empowerment and technological advancement for Malaysia. Investing in SpaceIn not only supports a local startup but also addresses the broader demand for satellite services in the region.

The partnership enhances SpaceIn's capacity to innovate, which is crucial in a rapidly-evolving industry marked by technological advancements and competition. Additionally, the company’s strategic plans to enter the Brunei market present opportunities for regional expansion, further solidifying its position as an industry leader.

However, investors should remain aware of the inherent challenges the aerospace sector faces, such as regulatory hurdles and the need for sustained technological investment. SpaceIn’s commitment to R&D and its history of successful project launches, notably with collaboration with reputable institutions, suggests it is well-equipped to navigate these challenges effectively.

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