Funding round
Astranis Series A
Astranis, which works in satellite design and manufacturing in San Francisco, raised $14M in a Series A round announced on 1 Mar 2018, led by Andreessen Horowitz. 5 firms took part. It is Astranis' second venture round on record; the one before was a Seed in Jan 2016.
$14M
Amount raised
Not disclosed
Post-money valuation
5
Investors
1 lead
Valuation
What this round says about the price
Astranis did not disclose a valuation in this round. It came 26 months after Astranis' Seed. It is 1.3% of the $1.05B Astranis has raised in the venture rounds on record. Astranis raised again 23 months later: a Series B round of $90M in Feb 2020. 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 1 Jan 2016 $120K
- Series A this round 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
Andreessen Horowitz led the round with 4 other firms.
Lead investor
- Andreessen Horowitz backs 722 venture-backed companies new investor
Also in the round
- Y Combinator backs 1,295 venture-backed companies new investor
- backs 51 venture-backed companies new investor
- backs 30 venture-backed companies new investor
- backs 29 venture-backed companies new investor
Joined the board: Martin Casado (Andreessen Horowitz).
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, scaling operations and working capital.
- Hiring
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
9 Series A rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $15M, and this round was close to the median. The closest in time, other companies' Series A rounds in Aerospace and Defence:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Aerospace and Defence | 15 Mar 2018 | $15M | not disclosed | DCVC |
| Aerospace and Defence | 14 Jun 2018 | $35M | not disclosed | Airbus Ventures and Alphabet |
| Aerospace and Defence | 24 Sep 2018 | $10M | not disclosed | Climate Investment |
| Aerospace and Defence | 7 Jan 2019 | $32M | not disclosed | HSG and Main Sequence |
| Epirus Aerospace and Defence | 1 Jan 2019 | $17M | not disclosed | 8VC |
| Shield AI Aerospace and Defence | 4 Apr 2017 | $11M | $31M | Andreessen Horowitz |
| Aerospace and Defence | 3 Apr 2017 | $2.8M | not disclosed | RiverPark Ventures |
| Aerospace and Defence | 2 Mar 2017 | $16M | not disclosed | not named |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Astranis raise in its Series A round?
Astranis raised $14M in its Series A round, announced in Mar 2018.
Who led Astranis' Series A round?
Andreessen Horowitz led it, with Y Combinator, Fifty Years, Refactor Capital and Indicator Ventures.
What was Astranis' valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Aerospace and Defence?
9 Series A rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $15M, and this round was close to the median.
Did Astranis raise again after this round?
Yes: a Series B round in Feb 2020 of $90M.