Funding round
Astranis Series E
Astranis, which works in satellite design and manufacturing in San Francisco, raised $300M in a Series E round announced on 6 May 2026, led by Snowpoint Ventures and Franklin Templeton, at a $2.80B post-money valuation. 9 firms took part. It is Astranis' seventh venture round on record; the one before was a Series D in Jul 2024.
$300M
Amount raised
$2.80B
Post-money valuation
$2.50B pre-money
9
Investors
2 leads
1.8x
Step-up from the Growth
$1.60B in Apr 2023
11%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Astranis at $2.80B after the new money, 1.8 times the $1.60B of its Growth (Apr 2023). The $300M bought investors about 11% of the company. It came 22 months after Astranis' Series D. It is 28% of the $1.05B Astranis has raised in the venture rounds on record. No later venture round is on record for Astranis.
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 24 Jul 2024, led by Andreessen Horowitz and BAM Elevate $200M
- Debt not a venture round 6 May 2026 $155M
- Series E this round 6 May 2026, led by Snowpoint Ventures and Franklin Templeton $300M$2.80B post-money
Investors
Who put money in
Snowpoint Ventures and Franklin Templeton led the round with 7 other firms.
Lead investors
- backs 7 venture-backed companies new investor
- Franklin Templeton new investor
Also in the round
- Andreessen Horowitz backs 722 venture-backed companies new investor
- BlackRock new investor
- Baillie Gifford new investor
- Fidelity Management & Research Company new investor
- BAM Elevate new investor
- backs 12 venture-backed companies new investor
- backs 28 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations and working capital.
- Scaling operations
- Working capital
Comparable rounds
How it compares
5 Series E rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $175M, and this round was 1.7 times the median. The closest in time, other companies' Series E rounds in Aerospace and Defence:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Helsing Aerospace and Defence | 13 Jul 2026 | $1.80B | $18.00B | Thrive Capital |
| Stoke Space Aerospace and Defence | 8 Sep 2026 | $1.00B | $10.00B | Point72 Ventures and Spark Capital |
| Aerospace and Defence | 20 Jan 2026 | $145M | $1.00B | National Reconstruction Fund Corporation and Hostplus |
| ICEYE Aerospace and Defence | 5 Dec 2025 | $175M | $2.80B | General Catalyst |
| Aerospace and Defence | 18 Nov 2025 | $100M | not disclosed | Eclipse |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Astranis raise in its Series E round?
Astranis raised $300M in its Series E round, announced in May 2026.
Who led Astranis' Series E round?
Snowpoint Ventures and Franklin Templeton led it, with Andreessen Horowitz, BlackRock, Baillie Gifford, Fidelity Management & Research Company and BAM Elevate and 2 more.
What was Astranis' valuation at the Series E round?
$2.80B post-money ($2.50B pre-money).
How does it compare with other Series E rounds in Aerospace and Defence?
5 Series E rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $175M, and this round was 1.7 times the median.