Funding round
Kymeta Growth
Reported as "Growth Equity"
Kymeta, which works in satellite connectivity solutions development in Redmond, raised $74M in a Growth round announced on 10 Apr 2017, led by Intelsat. 1 firm took part, with 1 individual investor. It is Kymeta's third venture round on record; the one before was a Series D in Jan 2016.
$74M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Kymeta did not disclose a valuation in this round. It came 15 months after Kymeta's Series D. It is 19% of the $385M Kymeta has raised in the venture rounds on record. Kymeta raised again 40 months later: a Growth round of $85M in Aug 2020, at $284M post-money.
Kymeta's funding rounds
Kymeta has 6 venture rounds on record and 2 other deals. This one is highlighted.
- Series C 9 Jul 2013 $50M
- Other not a venture round 16 Dec 2014 $20M
- Series D 11 Jan 2016 $62M
- Growth this round 10 Apr 2017, led by Intelsat $74M
- Growth 25 Aug 2020 $85M$284M post-money
- Growth 28 Dec 2020, led by Hanwha Systems $30M
- Growth 15 Mar 2022, led by Breakthrough Energy $84M
- Debt not a venture round 5 Sep 2024 $20M
Investors
Who put money in
Intelsat led the round.
Lead investor
- Intelsat new investor
Individual investors: Bill Gates. Joined the board: Stephen Spengler (Intelsat).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development.
- Product development
Comparable rounds
How it compares
The closest in time, other companies' Growth rounds in Electronical Components Manufacturing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Electronical Components Manufacturing | 4 May 2017 | $17M | not disclosed | Arm and Calculus Capital |
| Electronical Components Manufacturing | 17 Aug 2016 | $20M | not disclosed | not named |
| Electronical Components Manufacturing | 22 Feb 2018 | $30M | not disclosed | Atlantic Bridge |
| Electronical Components Manufacturing | 7 Mar 2018 | undisclosed | not disclosed | not named |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Kymeta raise in its Growth round?
Kymeta raised $74M in its Growth round, announced in Apr 2017.
Who led Kymeta's Growth round?
Intelsat led it.
What was Kymeta's valuation at the Growth round?
It was not disclosed.
Did Kymeta raise again after this round?
Yes: a Growth round in Aug 2020 of $85M at $284M post-money.