Latham & Watkins Advises Mantis Space in US$10 Million Series Seed Financing

Mantis Space, a space and advanced energy startup, has announced that it has emerged from stealth with an oversubscribed seed round of more than US$10 million to develop orbital energy infrastructure designed to eliminate one of the oldest constraints in space operations: Earth’s shadow. The round was led by Rule 1 Ventures alongside Montauk Capital, which incubated Mantis Space through its venture studio platform. The funding will be used to hire and grow the company’s go-to-market operations from its new headquarters in Albuquerque, New Mexico.

Latham & Watkins LLP advised Mantis Space in the transaction with a corporate team led by New York partner Peyton Worley and counsel Evan Kirsch, with associate Martin Lazzaro.