Series D++ · Space tech
iSpace China closes CNY5.037 billion Series D++
Cowin Capital and Jingming Capital co-led the financing for reusable launch vehicles.
iSpace China announced on February 12, 2026 that it had completed a CNY5.037 billion Series D++ financing on February 9. Cowin Capital and existing backer Jingming Capital co-led the round.
The company will accelerate development and commercialization of reusable liquid-oxygen and methane rockets, expand assembly and testing capacity, and strengthen offshore recovery capabilities. Its program focuses on launching from land and recovering at sea.
Use of funds
Develop and commercialize reusable methane rockets
Expand assembly and testing capacity
Build offshore recovery capabilities
Funding history
Series D++ · This roundCN¥5B