Funding round
Astranis Seed
Astranis, which works in satellite design and manufacturing in San Francisco, raised $120K in a Seed round announced on 1 Jan 2016. 6 firms took part. It is Astranis' first venture round on record.
$120K
Amount raised
Not disclosed
Post-money valuation
6
Investors
no lead named
Valuation
What this round says about the price
Astranis did not disclose a valuation in this round. It is Astranis' first venture round on record, 1 year after it was founded in 2015. It is under 1% of the $1.05B Astranis has raised in the venture rounds on record. Astranis raised again 26 months later: a Series A round of $14M in Mar 2018. Its next priced round, a Series C in Apr 2021, valued it at $1.40B.
Astranis' funding rounds
Astranis has 7 venture rounds on record and 2 other deals. This one is highlighted.
- Seed this round 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 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
6 firms took part; no lead investor was named.
Investors
- Y Combinator backs 1,295 venture-backed companies
- backs 69 venture-backed companies
- SV Angel backs 293 venture-backed companies
- backs 63 venture-backed companies
- backs 28 venture-backed companies
- backs 48 venture-backed companies
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
5 Seed rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $620K, and this round was 19% of the median. The closest in time, other companies' Seed rounds in Aerospace and Defence:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Aerospace and Defence | 1 Jan 2016 | $1.5M | not disclosed | not named |
| Relativity Space Aerospace and Defence | 21 Mar 2016 | $620K | not disclosed | not named |
| Aerospace and Defence | 2 Sep 2015 | $250K | not disclosed | not named |
| Aerospace and Defence | 1 Sep 2016 | $660K | not disclosed | not named |
| Aerospace and Defence | 2 Nov 2016 | $426K | not disclosed | BTO |
| Aerospace and Defence | 2 Feb 2015 | undisclosed | not disclosed | not named |
Questions
Frequently asked
How much did Astranis raise in its Seed round?
Astranis raised $120K in its Seed round, announced in Jan 2016.
Which investors took part in Astranis' Seed round?
Y Combinator, Haystack, SV Angel, Garage Capital, Friends & Family Capital and Metaplanet.
What was Astranis' valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Aerospace and Defence?
5 Seed rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $620K, and this round was 19% of the median.
Did Astranis raise again after this round?
Yes: a Series A round in Mar 2018 of $14M.