Funding round
Astranis Series B
Astranis, which works in satellite design and manufacturing in San Francisco, raised $90M in a Series B round announced on 13 Feb 2020, led by Venrock. 6 firms took part, 4 of them already investors. It is Astranis' third venture round on record; the one before was a Series A in Mar 2018.
$90M
Amount raised
of which $50M debt
Not disclosed
Post-money valuation
6
Investors
1 lead
Valuation
What this round says about the price
Astranis did not disclose a valuation in this round. It came 23 months after Astranis' Series A. It is 8.5% of the $1.05B Astranis has raised in the venture rounds on record. Astranis raised again 14 months later: a Series C round of $250M in Apr 2021, at $1.40B post-money.
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 this round 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
Venrock led the round with 5 other firms. Andreessen Horowitz, Fifty Years, Refactor Capital and Y Combinator had backed Astranis before.
Lead investor
- Venrock backs 93 venture-backed companies new investor
Also in the round
- Andreessen Horowitz backs 722 venture-backed companies existing investor
- backs 51 venture-backed companies existing investor
- backs 30 venture-backed companies existing investor
- Y Combinator backs 1,295 venture-backed companies existing investor
- backs 33 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development.
- Product development
Comparable rounds
How it compares
8 Series B rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $20M, and this round was 4.4 times the median. The closest in time, other companies' Series B rounds in Aerospace and Defence:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Shield AI Aerospace and Defence | 1 Sep 2019 | $22M | not disclosed | not named |
| Aerospace and Defence | 29 Aug 2019 | $19M | not disclosed | Swisscanto Invest by Zürcher Kantonalbank and Swisscom Ventures |
| Aerospace and Defence | 22 Oct 2020 | $15M | not disclosed | not named |
| Aerospace and Defence | 1 Nov 2020 | $11M | not disclosed | not named |
| Epirus Aerospace and Defence | 17 Dec 2020 | $70M | not disclosed | Bedrock and L3Harris Technologies |
| Aerospace and Defence | 15 Dec 2020 | $24M | not disclosed | BGF and Octopus Ventures |
| Aerospace and Defence | 15 Dec 2020 | $13M | not disclosed | not named |
| Axiom Space Aerospace and Defence | 16 Feb 2021 | $130M | $730M | C5 Capital |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Astranis raise in its Series B round?
Astranis raised $90M in its Series B round, announced in Feb 2020.
Who led Astranis' Series B round?
Venrock led it, with Andreessen Horowitz, Fifty Years, Refactor Capital, Y Combinator and TriplePoint Capital.
What was Astranis' valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Aerospace and Defence?
8 Series B rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $20M, and this round was 4.4 times the median.
Did Astranis raise again after this round?
Yes: a Series C round in Apr 2021 of $250M at $1.40B post-money.