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Flexell Space secures $20M in Series A funding led by InterVest and L&S Venture Capital, aimed at enhancing production capabilities.

PRIVATEJul 20, 2026

Amount Raised

$20 Million

Round Type

Series A

Uiwang SiManufacturingEnergyRenewable EnergySolar

Investors

IntervestNH Venture InvestmentIndustrial Bank Of KoreaQuad VenturesMirae Asset Venture InvestmentMirae Asset CapitalIbk Securities–Seoul ZvKorea Investment & SecuritiesKorea Credit Guarantee FundL&S Venture Capital

Description

Flexell Space, a Uiwang, South Korea-based developer of solar solutions, completed a $20M Series A funding round. The capital will be utilized for acquiring manufacturing equipment, upgrading facilities, and expanding operations with international partners. Existing investors InterVest and L&S Venture Capital participated alongside new backers including Mirae Asset and IBK Securities. The firm aims for full-scale production by 2028.

Quick answer

Flexell Space raised $20 Million in a Series A round, dated July 20, 2026. Investors: Intervest, NH Venture Investment, Industrial Bank Of Korea, Quad Ventures, Mirae Asset Venture Investment, Mirae Asset Capital, Ibk Securities–Seoul Zv and Korea Investment & Securities. Flexell Space is based in Uiwang Si, Gyeonggi, South Korea.

How much did Flexell Space raise?
Flexell Space raised $20 Million in a Series A round on July 20, 2026.
Who invested in Flexell Space?
Intervest, NH Venture Investment, Industrial Bank Of Korea, Quad Ventures, Mirae Asset Venture Investment, Mirae Asset Capital, Ibk Securities–Seoul Zv and Korea Investment & Securities are named as investors in this round.
What does Flexell Space do?
Flexell Space is a developer of space solar solutions based in Uiwang, South Korea.
Where is Flexell Space based and how big is it?
Flexell Space is based in Uiwang Si, Gyeonggi, South Korea. Fundz records about 6 employees.

Source: Fundz verified event record.

Who else raised in Energy and Renewable Energy around the same time

Companies in the same sectors as Flexell Space that raised within 45 days of this round, from Fundz verified event records.

  • Zenergize raised $3.5M (Pre-Series A) on September 1, 2026.
  • Expion Energy, Inc. raised $9M on August 21, 2026.
  • Polar Power raised $1000K (Series A) on August 11, 2026.
  • Naked Energy raised $36M (Series B) on August 6, 2026.
  • DYCM Solar Modules Holdings raised an undisclosed amount on August 4, 2026.
  • GCL Perovskite raised $16M on August 3, 2026.

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Company Information

Company

Flexell Space

Location

Uiwang Si, Gyeonggi, South Korea

About

Flexell Space is a developer of space solar solutions based in Uiwang, South Korea. The company specializes in lightweight, flexible tandem solar cells using combined perovskite and copper indium gallium selenide (CIGS) architectures. Flexell Space aims to power low Earth orbit (LEO) satellite constellations and orbital data centers with a target for full-scale commercial production by 2028. Originally an in-house venture of Hanwha Systems, it has raised a total of $25 million in funding.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Flexell Space raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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