India, Sept. 19 -- Bengaluru-based deeptech startup SpaceFields has raised $5 Mn (about INR 42 Cr) in its pre-series A round led by Globaz Technologies. The round also saw participation from Rockstud Capital, Venture Catalysts. Nithin Kamath's Rainmatter, Burla Angel Network, Faad Capital, SIDBI, O2 Angels, MeitY Startup Hub, among others.

Founded in 2021 by Apurwa Masook, Rounak Agrawal, and Sudarshan Samal, SpaceFields develops rocket propulsion systems for defence and aerospace applications. The Indian Institute of Science (IISc) Bangalore-incubated startup has developed solid-fueled powered rocket propulsion systems for UAVs, rockets and spacecraft.

The startup claims to have won four contracts via the defence ministry's iDEX initia...