Funding round
K2 Space Series A
K2 Space, which works in satellite platform design and manufacturing in Torrance, raised $51M in a Series A round announced on 13 Feb 2024, at a $250M post-money valuation. 1 firm took part. It is K2 Space's second venture round on record; the one before was a Seed in Mar 2023.
$51M
Amount raised
$250M
Post-money valuation
1
Investors
no lead named
5.6x
Step-up from the Seed
$45M in Mar 2023
21%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced K2 Space at $250M after the new money, 5.6 times the $45M of its Seed (Mar 2023). The $51M bought investors about 21% of the company. It came 11 months after K2 Space's Seed. It is 5.6% of the $920M K2 Space has raised in the venture rounds on record. K2 Space raised again 12 months later: a Series B round of $110M in Feb 2025. Its next priced round, a Series C in Dec 2025, valued it at $3.00B.
K2 Space's funding rounds
K2 Space has 5 venture rounds on record and 1 other deal. This one is highlighted.
- Seed 10 Mar 2023, led by First Round and Republic Capital $8.5M$45M post-money
- Series A this round 13 Feb 2024 $51M$250M post-money
- Series B 13 Feb 2025, led by Lightspeed Venture Partners and Altimeter $110M
- Other not a venture round 15 Sep 2025 $15M
- Series C 11 Dec 2025, led by Redpoint Ventures $250M$3.00B post-money
- Series D 30 Jul 2026, led by Kleiner Perkins and ICONIQ $500M$6.80B post-money
Investors
Who put money in
1 firm took part; no lead investor was named.
Investors
- backs 7 venture-backed companies new investor
Comparable rounds
How it compares
31 Series A rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $16M, and this round was 3.2 times the median. The closest in time, other companies' Series A rounds in Aerospace and Defence:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Aerospace and Defence | 5 Feb 2024 | $7.0M | not disclosed | Founders Fund |
| Aerospace and Defence | 23 Jan 2024 | $35M | not disclosed | Standard Investments |
| Aerospace and Defence | 21 Mar 2024 | $5.6M | not disclosed | Wavemaker Partners |
| Aerospace and Defence | 21 May 2024 | $32M | not disclosed | not named |
| Aerospace and Defence | 8 May 2024 | $19M | $60M | Future Ventures and Seraphim Space |
| Mach Industries Aerospace and Defence | 4 Oct 2023 | $79M | $335M | Bedrock |
| Saronic Technologies Aerospace and Defence | 10 Oct 2023 | $55M | not disclosed | Caffeinated |
| Aerospace and Defence | 3 Jun 2024 | $15M | not disclosed | Khosla Ventures |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did K2 Space raise in its Series A round?
K2 Space raised $51M in its Series A round, announced in Feb 2024.
Which investors took part in K2 Space's Series A round?
Alpine Space Ventures.
What was K2 Space's valuation at the Series A round?
$250M post-money.
How does it compare with other Series A rounds in Aerospace and Defence?
31 Series A rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $16M, and this round was 3.2 times the median.
Did K2 Space raise again after this round?
Yes: a Series B round in Feb 2025 of $110M.