Funding round
Isar Aerospace Series B
Isar Aerospace, which works in space access launch services in Ottobrunn, raised $165M in a Series B round announced on 28 Jul 2021, led by HV Capital, Porsche SE and Lombard Odier. 8 firms took part. It is Isar Aerospace's second venture round on record; the one before was a Series A in Dec 2019.
$165M
Amount raised
Not disclosed
Post-money valuation
8
Investors
3 leads
Valuation
What this round says about the price
Isar Aerospace did not disclose a valuation in this round. It came 19 months after Isar Aerospace's Series A. It is 25% of the $657M Isar Aerospace has raised in the venture rounds on record. Isar Aerospace raised again 20 months later: a Series C round of $165M in Mar 2023. Its next priced round, a Series D in Jun 2026, valued it at $2.30B.
Isar Aerospace's funding rounds
Isar Aerospace has 4 venture rounds on record and 2 other deals. This one is highlighted.
- Series A 10 Dec 2019, led by Earlybird and Airbus Ventures $17M
- Series B this round 28 Jul 2021, led by HV Capital, Porsche SE and Lombard Odier $165M
- Series C 28 Mar 2023 $165M
- Debt not a venture round 25 Jun 2025, led by Eldridge Industries $174M
- Series D 9 Jun 2026 $310M$2.30B post-money
- Grant not a venture round 3 Aug 2026 $230M
Investors
Who put money in
HV Capital, Porsche SE and Lombard Odier led the round with 5 other firms.
Lead investors
- HV Capital backs 124 venture-backed companies
- Porsche SE
- Lombard Odier
Also in the round
- backs 111 venture-backed companies
- Lakestar backs 95 venture-backed companies
- backs 33 venture-backed companies
- backs 7 venture-backed companies
- backs 49 venture-backed companies
Use of proceeds
What the money is for
According to the announcement, the money goes to product development and scaling operations.
- Product development
- Scaling operations
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 5.3 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 | 15 Jul 2021 | $45M | not disclosed | not named |
| Aerospace and Defence | 24 Jun 2021 | $20M | not disclosed | Inventus Capital Partners |
| Aerospace and Defence | 22 Sep 2021 | $150M | $1.00B | Insight Partners and Venrock |
| Aerospace and Defence | 25 Oct 2021 | $200M | $2.40B | T. Rowe Price Associates |
| Aerospace and Defence | 6 Nov 2021 | $140M | not disclosed | BlackRock |
| Aerospace and Defence | 24 Mar 2021 | $31M | $228M | Blackbird |
| Aerospace and Defence | 30 Mar 2021 | $5.9M | not disclosed | Omnes Capital |
| Axiom Space Aerospace and Defence | 16 Feb 2021 | $130M | $730M | C5 Capital |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Isar Aerospace raise in its Series B round?
Isar Aerospace raised $165M in its Series B round, announced in Jul 2021.
Who led Isar Aerospace's Series B round?
HV Capital, Porsche SE and Lombard Odier led it, with Earlybird, Lakestar, Vsquared, Apeiron Investment Group and UVC Partners.
What was Isar Aerospace's valuation at the Series B round?
It was not disclosed.
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 5.3 times the median.
Did Isar Aerospace raise again after this round?
Yes: a Series C round in Mar 2023 of $165M.