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Seed Watch: Spacetech, Blockchain, and Logitech Startups Take Centre Stage.

Author

Ofodile Iloanya
April 11, 2025

Welcome to our weekly edition of Seed Watch- a segment of Market Insyte Digest focused on sharing some of the latest and most intriguing Pre-seed & Seed funding news grabbing the headlines in the startup world.

Startups from the spacetech, blockchain, and logitech sectors feature in this week’s largest deals. Find out the top 3 deals from this week that caught our attention.

  • Startup Name: Portal Space Systems

  • Industry: Spacetech

  • Region: USA

  • Amount (USD): $17.5 million

  • The problem it is solving: Current space missions face limited orbital flexibility and responsiveness. There's an increasing demand from defense and commercial users for: Rapid orbital maneuverability; Flexible mission payloads and; Long-distance transorbital transfers without nuclear propulsion

  • What the Funds Will Be Spent On: Critical design review and full-scale testing of Hex Thruster. Systems integration and demonstration mission (targeting mid-2026). Scaling production post-flight to serve defense and commercial clients

  • Startup Name: Codex

  • Industry: Blockchain

  • Region: Global

  • Amount (USD): $15.8 million

  • The problem it is solving: Traditional fintech systems lack the scalability, automation, and intelligence needed for the next generation of digital finance. At the same time, most blockchain networks are not purpose-built for stablecoins or AI-powered financial use cases

  • What the Funds Will Be Spent On: Accelerate product development of its AI-powered blockchain infrastructure. Recruit top-tier technical and AI talent. Expand go-to-market efforts and ecosystem partnerships. Strengthen regulatory and compliance capabilities for fintech-grade applications

  • Startup Name: Gallatin AI

  • Industry: Logitech

  • Region: USA

  • Amount (USD): $15 million

  • The problem it is solving: In modern military environments, supply chain decisions are slow, fragmented, and vulnerable, especially in dynamic conflict zones like the Pacific or Middle East.

  • What the Funds Will Be Spent On: Scale engineering and deployment teams. Accelerate the development of Navigator. Expand operations in Washington and California offices. Onboard early users within the U.S. military ecosystem