Funding round
Astranis Growth
Reported as "Growth Equity"
Astranis, which works in satellite design and manufacturing in San Francisco, raised $200M in a Growth round announced on 30 Apr 2023, led by Andreessen Horowitz, at a $1.60B post-money valuation. 1 firm took part. It is Astranis' fifth venture round on record; the one before was a Series C in Apr 2021.
$200M
Amount raised
$1.60B
Post-money valuation
$1.40B pre-money
1
Investors
1 lead
1.1x
Step-up from the Series C
$1.40B in Apr 2021
13%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Astranis at $1.60B after the new money, 1.1 times the $1.40B of its Series C (Apr 2021). The $200M bought investors about 13% of the company. It came 24 months after Astranis' Series C. It is 19% of the $1.05B Astranis has raised in the venture rounds on record. Astranis raised again 15 months later: a Series D round of $200M in Jul 2024. Its next priced round, a Series E in May 2026, valued it at $2.80B.
Astranis' funding rounds
Astranis has 7 venture rounds on record and 2 other deals. This one is highlighted.
- Seed 1 Jan 2016 $120K
- Series A 1 Mar 2018, led by Andreessen Horowitz $14M
- Series B 13 Feb 2020, led by Venrock $90M
- Debt not a venture round 17 Feb 2020 $50M
- Series C 14 Apr 2021, led by BlackRock $250M$1.40B post-money
- Growth this round 30 Apr 2023, led by Andreessen Horowitz $200M$1.60B post-money
- Series D 24 Jul 2024, led by Andreessen Horowitz and BAM Elevate $200M
- Debt not a venture round 6 May 2026 $155M
- Series E 6 May 2026, led by Snowpoint Ventures and Franklin Templeton $300M$2.80B post-money
Investors
Who put money in
Andreessen Horowitz led the round.
Lead investor
- Andreessen Horowitz backs 722 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development and scaling operations.
- Product development
- Scaling operations
Comparable rounds
How it compares
The closest in time: 2 in Aerospace and Defence, then Growth rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Aerospace and Defence | 10 Jan 2023 | $60M | not disclosed | not named |
| Aerospace and Defence | 16 Oct 2023 | $63M | not disclosed | not named |
| Canaan Industrial Machinery & Supplies | 18 Apr 2023 | $850M | not disclosed | not named |
| DMI Finance Loans & Financing | 3 Apr 2023 | $400M | not disclosed | MUFG Bank |
| Industrial Machinery & Supplies | 17 Apr 2023 | $384M | not disclosed | AEA Investors |
| Pharmaceutical Products | 20 Apr 2023 | $315M | not disclosed | CBC Group and Mubadala |
| Oil & Gas - Extraction & Distribution | 20 Apr 2023 | $300M | not disclosed | Energy Capital Partners |
| OpenAI Tech Companies | 30 Apr 2023 | $300M | $29.00B | not named |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Astranis raise in its Growth round?
Astranis raised $200M in its Growth round, announced in Apr 2023.
Who led Astranis' Growth round?
Andreessen Horowitz led it.
What was Astranis' valuation at the Growth round?
$1.60B post-money ($1.40B pre-money).
Did Astranis raise again after this round?
Yes: a Series D round in Jul 2024 of $200M.