Spacetech startup EtherealX in talks to raise $20-25 million from TDK, Accel, Prosus

EtherealX, a spacetech startup that develops reusable launch vehicles for satellites, is in talks to raise approximately $20-25 million in a funding round led by TDK Ventures, the venture capital arm of Japanese electronics firm TDK Corporation, people aware of the matter told ET. Early-stage investment firm Accel, Dutch investor Prosus, YourNest, Bluehill, and BIG Global Investments are also participating, one of the persons said.

“The negotiations are ongoing and are at an advanced stage. Some existing backers could also join the round,” the…