Funding round
Anduril Series D
Anduril, which works in defense technology solutions development in Costa Mesa, raised $450M in a Series D round announced on 17 Jun 2021, led by Elad Gil, at a $4.60B post-money valuation. 8 firms took part. It is Anduril's third venture round on record; the one before was a Series C in Jul 2020.
$450M
Amount raised
$4.60B
Post-money valuation
$4.15B pre-money
8
Investors
1 lead
2.4x
Step-up from the Series C
$1.90B in Jul 2020
9.8%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Anduril at $4.60B after the new money, 2.4 times the $1.90B of its Series C (Jul 2020). The $450M bought investors about 9.8% of the company. It came 11 months after Anduril's Series C. It is 4.0% of the $11.26B Anduril has raised in the venture rounds on record. Anduril raised again 18 months later: a Series E round of $1.48B in Dec 2022, at $8.48B post-money.
Anduril's funding rounds
Anduril has 7 venture rounds on record and 1 other deal. This one is highlighted.
- Seed 11 Sep 2019 $127M$1.00B post-money
- Series C 1 Jul 2020, led by Andreessen Horowitz $200M$1.90B post-money
- Series D this round 17 Jun 2021, led by Elad Gil $450M$4.60B post-money
- Series E 1 Dec 2022, led by Valor $1.48B$8.48B post-money
- Grant not a venture round 22 May 2024 $14M
- Series F 7 Aug 2024, led by Founders Fund and Sands Capital $1.50B$14.00B post-money
- Series G 15 Apr 2025 $2.50B
- Series H+ 13 May 2026, led by Thrive Capital and Andreessen Horowitz $5.00B$61.00B post-money
Investors
Who put money in
Elad Gil led the round with 7 other firms.
Lead investor
- Elad Gil new investor
Also in the round
- Andreessen Horowitz backs 722 venture-backed companies new investor
- 8VC new investor
- Founders Fund backs 368 venture-backed companies new investor
- General Catalyst backs 574 venture-backed companies new investor
- Lux Capital backs 194 venture-backed companies new investor
- Valor backs 143 venture-backed companies new investor
- D1 Capital Partners new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Series D rounds in Aerospace and Defence:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Shield AI Aerospace and Defence | 25 Aug 2021 | $210M | not disclosed | Disruptive |
| Relativity Space Aerospace and Defence | 23 Nov 2020 | $500M | $2.30B | Tiger Global |
| ICEYE Aerospace and Defence | 3 Feb 2022 | $136M | not disclosed | Seraphim Space |
Sources
Where this comes from
Reported by 6 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Anduril raise in its Series D round?
Anduril raised $450M in its Series D round, announced in Jun 2021.
Who led Anduril's Series D round?
Elad Gil led it, with Andreessen Horowitz, 8VC, Founders Fund, General Catalyst and Lux Capital and 2 more.
What was Anduril's valuation at the Series D round?
$4.60B post-money ($4.15B pre-money).
Did Anduril raise again after this round?
Yes: a Series E round in Dec 2022 of $1.48B at $8.48B post-money.