Funding round
Kymeta Growth
Reported as "Growth Equity"
Kymeta, which works in satellite connectivity solutions development in Redmond, raised $85M in a Growth round announced on 25 Aug 2020, at a $284M post-money valuation. It is Kymeta's fourth venture round on record; the one before was a Growth in Apr 2017.
$85M
Amount raised
$284M
Post-money valuation
$199M pre-money
30%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Kymeta at $284M after the new money. The $85M bought investors about 30% of the company. It came 40 months after Kymeta's Growth. It is 22% of the $385M Kymeta has raised in the venture rounds on record. Kymeta raised again 4 months later: a Growth round of $30M in Dec 2020.
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 10 Apr 2017, led by Intelsat $74M
- Growth this round 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
Comparable rounds
How it compares
6 Growth rounds in Electronical Components Manufacturing within a year either side disclosed an amount; the median was $26M, and this round was 3.3 times the median. The closest in time, other companies' Growth rounds in Electronical Components Manufacturing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Electronical Components Manufacturing | 22 Nov 2020 | undisclosed | not disclosed | Brunnur Ventures |
| Electronical Components Manufacturing | 13 Jan 2021 | $10M | not disclosed | Wave Equity Partners |
| Electronical Components Manufacturing | 22 Apr 2021 | $40M | $100M | not named |
| Electronical Components Manufacturing | 3 May 2021 | $2.1M | not disclosed | Accelerate Fund II |
| Electronical Components Manufacturing | 28 Oct 2019 | $28M | not disclosed | European Investment Bank |
| Electronical Components Manufacturing | 23 Jul 2021 | undisclosed | not disclosed | not named |
| Electronical Components Manufacturing | 25 Aug 2021 | $35M | $1.10B | GoldenSand Capital and HG Semiconductors |
| Electronical Components Manufacturing | 6 Aug 2021 | $24M | not disclosed | not named |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Kymeta raise in its Growth round?
Kymeta raised $85M in its Growth round, announced in Aug 2020.
What was Kymeta's valuation at the Growth round?
$284M post-money ($199M pre-money).
How does it compare with other Growth rounds in Electronical Components Manufacturing?
6 Growth rounds in Electronical Components Manufacturing within a year either side disclosed an amount; the median was $26M, and this round was 3.3 times the median.
Did Kymeta raise again after this round?
Yes: a Growth round in Dec 2020 of $30M.