Funding round
Astranis Series D
Astranis, which works in satellite design and manufacturing in San Francisco, raised $200M in a Series D round announced on 24 Jul 2024, led by Andreessen Horowitz and BAM Elevate. 5 firms took part. It is Astranis' sixth venture round on record; the one before was a Growth in Apr 2023.
$200M
Amount raised
Not disclosed
Post-money valuation
5
Investors
2 leads
Valuation
What this round says about the price
Astranis did not disclose a valuation in this round; its last disclosed one was $1.60B at the Growth (Apr 2023). It came 15 months after Astranis' Growth. It is 19% of the $1.05B Astranis has raised in the venture rounds on record. Astranis raised again 22 months later: a Series E round of $300M in May 2026, at $2.80B 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 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 this round 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 and BAM Elevate led the round with 3 other firms.
Lead investors
- Andreessen Horowitz backs 722 venture-backed companies new investor
- BAM Elevate new investor
Also in the round
- Blackrock new investor
- Fidelity new investor
- Baillie Gifford new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
7 Series D rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $44M, and this round was 4.5 times the median. The closest in time, other companies' Series D rounds in Aerospace and Defence:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Aerospace and Defence | 2 May 2024 | $25M | not disclosed | Breakthrough Victoria |
| Aerospace and Defence | 31 Jan 2025 | $29M | not disclosed | UK Government |
| Aerospace and Defence | 20 Dec 2023 | $44M | not disclosed | Global Brain and Sumitomo Mitsui Banking Corporation / SMBC Venture Capital Management Co., Ltd. |
| Epirus Aerospace and Defence | 4 Mar 2025 | $250M | not disclosed | 8VC and Washington Harbour |
| Aerospace and Defence | 30 Nov 2023 | $138M | not disclosed | Explorer 1 Fund and Eclipse |
| Aerospace and Defence | 3 Apr 2025 | $21M | not disclosed | Florintee Advisors and Tenacity Ventures |
| Helsing Aerospace and Defence | 17 Jun 2025 | $690M | $16.30B | Prima Materia |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Astranis raise in its Series D round?
Astranis raised $200M in its Series D round, announced in Jul 2024.
Who led Astranis' Series D round?
Andreessen Horowitz and BAM Elevate led it, with Blackrock, Fidelity and Baillie Gifford.
What was Astranis' valuation at the Series D round?
It was not disclosed; its last disclosed one was $1.60B at the Growth (Apr 2023).
How does it compare with other Series D rounds in Aerospace and Defence?
7 Series D rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $44M, and this round was 4.5 times the median.
Did Astranis raise again after this round?
Yes: a Series E round in May 2026 of $300M at $2.80B post-money.