Funding round
Helsing Series B
Helsing, which works in AI-Enabled autonomous system development in Munich, raised $224M in a Series B round announced on 14 Sep 2023, led by General Catalyst, at a $1.82B post-money valuation. 4 firms took part. It is Helsing's first venture round on record.
$224M
Amount raised
209,000,000 EUR converted
$1.82B
Post-money valuation
$1.60B pre-money
4
Investors
1 lead
12%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Helsing at $1.82B after the new money. The $224M bought investors about 12% of the company. It is Helsing's first venture round on record, 2 years after it was founded in 2021. It is 7.0% of the $3.20B Helsing has raised in the venture rounds on record. Helsing raised again 10 months later: a Series C round of $487M in Jul 2024, at $5.40B post-money.
Helsing's funding rounds
Helsing has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
General Catalyst led the round with 3 other firms.
Lead investor
- General Catalyst backs 574 venture-backed companies new investor
Also in the round
- Saab new investor
- backs 41 venture-backed companies new investor
- backs 2 venture-backed companies new 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 and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
27 Series B rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $68M, and this round was 3.3 times the median. The closest in time, other companies' Series B rounds in Aerospace and Defence:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Sierra Space Aerospace and Defence | 26 Sep 2023 | $290M | $5.30B | MUFG Bank and Kanematsu |
| Aerospace and Defence | 11 Sep 2023 | $50M | not disclosed | ETF Partners and Trill Impact |
| Stoke Space Aerospace and Defence | 5 Oct 2023 | $100M | not disclosed | Industrious Ventures |
| Aerospace and Defence | 17 Oct 2023 | $24M | not disclosed | Celesta Capital and Rocketship.vc |
| Aerospace and Defence | 2 Jul 2023 | $58M | not disclosed | Bpifrance and Eurazeo |
| Aerospace and Defence | 6 Jul 2023 | $33M | not disclosed | not named |
| True Anomaly Aerospace and Defence | 12 Dec 2023 | $100M | not disclosed | Riot Ventures |
| Aerospace and Defence | 1 Jun 2023 | $70M | not disclosed | RedBird Capital Partners |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Helsing raise in its Series B round?
Helsing raised $224M in its Series B round, announced in Sep 2023.
Who led Helsing's Series B round?
General Catalyst led it, with Saab, La Famiglia and Prima Materia.
What was Helsing's valuation at the Series B round?
$1.82B post-money ($1.60B pre-money).
How does it compare with other Series B rounds in Aerospace and Defence?
27 Series B rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $68M, and this round was 3.3 times the median.
Did Helsing raise again after this round?
Yes: a Series C round in Jul 2024 of $487M at $5.40B post-money.