Funding round
Axiom Space Series B
Axiom Space, which works in human spaceflight services in Houston, raised $130M in a Series B round announced on 16 Feb 2021, led by C5 Capital, at a $730M post-money valuation. 10 firms took part. It is Axiom Space's first venture round on record.
$130M
Amount raised
$730M
Post-money valuation
10
Investors
1 lead
18%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Axiom Space at $730M after the new money. The $130M bought investors about 18% of the company. It is Axiom Space's first venture round on record, 5 years after it was founded in 2016. It is 8.9% of the $1.46B Axiom Space has raised in the venture rounds on record. Axiom Space raised again 30 months later: a Series C round of $350M in Aug 2023. Its next priced round, a Growth in Mar 2025, valued it at $2.00B.
Axiom Space's funding rounds
Axiom Space has 5 venture rounds on record. This one is highlighted.
- Series B this round 16 Feb 2021, led by C5 Capital $130M$730M post-money
- Series C 21 Aug 2023, led by Aljazira Capital and Boryung Co., Ltd. $350M
- Growth 1 Mar 2025, led by Type One Ventures $100M$2.00B post-money
- Growth 12 Feb 2026, led by Type One Ventures and Qatar Investment Authority $350M
- Growth 4 Jun 2026, led by Type One Ventures and Qatar Investment Authority $525M
Investors
Who put money in
C5 Capital led the round with 9 other firms.
Lead investor
- backs 11 venture-backed companies new investor
Also in the round
- TQS Advisors new investor
- backs 24 venture-backed companies new investor
- Moelis Dynasty Investments new investor
- Washington University in St. Louis new investor
- backs 19 venture-backed companies new investor
- Aidenlair Capital new investor
- backs 10 venture-backed companies new investor
- backs 6 venture-backed companies new investor
- Adept Capital new investor
Joined the board: Rob Meyerson (C5 Capital).
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
15 Series B rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $31M, and this round was 4.2 times the median. The closest in time, other companies' Series B rounds in Aerospace and Defence:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Aerospace and Defence | 24 Mar 2021 | $31M | $228M | Blackbird |
| Aerospace and Defence | 30 Mar 2021 | $5.9M | not disclosed | Omnes Capital |
| 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 |
| Aerospace and Defence | 1 Nov 2020 | $11M | not disclosed | not named |
| Aerospace and Defence | 24 Jun 2021 | $20M | not disclosed | Inventus Capital Partners |
| Aerospace and Defence | 22 Oct 2020 | $15M | not disclosed | not named |
Sources
Where this comes from
Reported by 8 sources.
Questions
Frequently asked
How much did Axiom Space raise in its Series B round?
Axiom Space raised $130M in its Series B round, announced in Feb 2021.
Who led Axiom Space's Series B round?
C5 Capital led it, with TQS Advisors, Declaration Partners, Moelis Dynasty Investments, Washington University in St. Louis and The Venture Collective and 4 more.
What was Axiom Space's valuation at the Series B round?
$730M post-money.
How does it compare with other Series B rounds in Aerospace and Defence?
15 Series B rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $31M, and this round was 4.2 times the median.
Did Axiom Space raise again after this round?
Yes: a Series C round in Aug 2023 of $350M.