Merak Ventures leads $3.3 million funding round in space-tech startup SatLeo Labs

SatLeo Labs, Space-tech startup SatLeo Labs has raised USD 3.3 million in its pre-seed funding round. The round was led by Merak Ventures, with Huddle Ventures participating as a major investor, alongside GVFL, Java Capital, IIMA Ventures, PointOne Capital, and angel investors Manish Gandhi and Dheer Baldua.

The funds will be utilised to advance the development of its proprietary thermal imaging payload, conduct critical feasibility studies, and secure regulatory approvals. Additionally, the capital will support team expansion, infrastructure setup, and pilot testing, enabling the startup to validate its technology and strengthen industry partnerships.