Funding round
Forterra Series C
Forterra, which works in autonomous systems development in Clarksburg, raised $238M in a Series C round announced on 12 Nov 2025, led by Moore Strategic Ventures, at a $1.00B post-money valuation. 13 firms took part, 4 of them already investors. It is Forterra's third venture round on record; the one before was a Series B in Sep 2024.
$238M
Amount raised
$1.00B
Post-money valuation
$762M pre-money
13
Investors
1 lead
24%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Forterra at $1.00B after the new money. The $238M bought investors about 24% of the company. It came 14 months after Forterra's Series B. It is 44% of the $541M Forterra has raised in the venture rounds on record. No later venture round is on record for Forterra.
Forterra's funding rounds
Forterra has 3 venture rounds on record. This one is highlighted.
Investors
Who put money in
Moore Strategic Ventures led the round with 12 other firms. XYZ, Hedosophia, Enlightenment Capital and Crescent Cove had backed Forterra before.
Lead investor
- Moore Strategic Ventures new investor
Also in the round
- Salesforce Ventures backs 314 venture-backed companies new investor
- Franklin Templeton new investor
- Balyasny Asset Management new investor
- backs 59 venture-backed companies new investor
- Hanwha Asset Management new investor
- 9Yards Capital new investor
- backs 21 venture-backed companies new investor
- RTX Ventures new investor
- backs 69 venture-backed companies existing investor
- Hedosophia existing investor
- backs 4 venture-backed companies existing investor
- backs 9 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations, acquisitions and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
24 Series C rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $250M, and this round was close to the median. The closest in time, other companies' Series C rounds in Aerospace and Defence:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Quantum Systems Aerospace and Defence | 27 Nov 2025 | $210M | $3.50B | Balderton Capital |
| K2 Space Aerospace and Defence | 11 Dec 2025 | $250M | $3.00B | Redpoint Ventures |
| Aerospace and Defence | 24 Sep 2025 | $60M | not disclosed | 1789 Capital |
| Sierra Space Aerospace and Defence | 5 Mar 2026 | $550M | $8.00B | LuminArx Capital Management |
| Hadrian Aerospace and Defence | 17 Jul 2025 | $260M | not disclosed | Founders Fund and Lux Capital |
| Varda Space Industries Aerospace and Defence | 10 Jul 2025 | $187M | $500M | Natural Capital and Shrug Capital |
| Aerospace and Defence | 26 Mar 2026 | $170M | not disclosed | Mohari Ventures Natural Capital |
| Aerospace and Defence | 18 Mar 2026 | $110M | not disclosed | Airtree |
Sources
Where this comes from
Reported by 5 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Forterra raise in its Series C round?
Forterra raised $238M in its Series C round, announced in Nov 2025.
Who led Forterra's Series C round?
Moore Strategic Ventures led it, with Salesforce Ventures, Franklin Templeton, Balyasny Asset Management, 645 Ventures and Hanwha Asset Management and 7 more.
What was Forterra's valuation at the Series C round?
$1.00B post-money ($762M pre-money).
How does it compare with other Series C rounds in Aerospace and Defence?
24 Series C rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $250M, and this round was close to the median.