Funding round
Hydrosat Series A
Hydrosat, which works in satellite imaging and data services in Washington, raised $15M in a Series A round announced on 25 Apr 2023, led by Statkraft Ventures. 10 firms took part. It is Hydrosat's third venture round on record; the one before was a Seed in Nov 2021.
$15M
Amount raised
Not disclosed
Post-money valuation
10
Investors
1 lead
Valuation
What this round says about the price
Hydrosat did not disclose a valuation in this round. It came 17 months after Hydrosat's Seed. It is 17% of the $90M Hydrosat has raised in the venture rounds on record. Hydrosat raised again 33 months later: a Series B round of $60M in Jan 2026.
Hydrosat's funding rounds
Hydrosat has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Statkraft Ventures led the round with 9 other firms.
Lead investor
- backs 17 venture-backed companies new investor
Also in the round
- backs 22 venture-backed companies new investor
- backs 6 venture-backed companies new investor
- OTB Ventures backs 27 venture-backed companies new investor
- backs 15 venture-backed companies new investor
- Cultivation Capital new investor
- backs 388 venture-backed companies new investor
- backs 9 venture-backed companies new investor
- backs 15 venture-backed companies new investor
- backs 10 venture-backed companies new investor
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
1,521 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $12M, and this round was 1.3 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Inflection AI Tech Companies | 24 Apr 2023 | $225M | not disclosed | not named |
| Tech Companies | 20 Apr 2023 | $50M | not disclosed | SYN Ventures |
| Tech Companies | 19 Apr 2023 | $45M | not disclosed | Acrew Capital |
| Tech Companies | 19 Apr 2023 | $45M | not disclosed | Acrew Capital |
| Tech Companies | 13 Apr 2023 | $36M | not disclosed | Bain Capital Ventures |
| Harvey Tech Companies | 26 Apr 2023 | $21M | not disclosed | Sequoia Capital |
| Tech Companies | 4 Apr 2023 | $20M | not disclosed | SignalFire |
| Tech Companies | 19 Apr 2023 | $20M | not disclosed | Koch Disruptive Technologies |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Hydrosat raise in its Series A round?
Hydrosat raised $15M in its Series A round, announced in Apr 2023.
Who led Hydrosat's Series A round?
Statkraft Ventures led it, with Blue Bear Capital, Hartree Partners, OTB Ventures, Freeflow and Cultivation Capital and 4 more.
What was Hydrosat's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
1,521 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $12M, and this round was 1.3 times the median.
Did Hydrosat raise again after this round?
Yes: a Series B round in Jan 2026 of $60M.