Funding round
Kymeta Growth
Reported as "Growth Equity"
Kymeta, which works in satellite connectivity solutions development in Redmond, raised $30M in a Growth round announced on 28 Dec 2020, led by Hanwha Systems. 1 firm took part, 1 of them already investors. It is Kymeta's fifth venture round on record; the one before was a Growth in Aug 2020.
$30M
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; its last disclosed one was $284M at the Growth (Aug 2020). It came 4 months after Kymeta's Growth. It is 7.8% of the $385M Kymeta has raised in the venture rounds on record. Kymeta raised again 15 months later: a Growth round of $84M in Mar 2022.
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 25 Aug 2020 $85M$284M post-money
- Growth this round 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
Hanwha Systems led the round. Hanwha Systems had backed Kymeta before.
Lead investor
- Hanwha Systems existing investor
Joined the board: Hanwha Systems (Hanwha Systems).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
6 Growth rounds in Electronical Components Manufacturing within a year either side disclosed an amount; the median was $29M, and this round was close to the median. The closest in time, other companies' Growth rounds in Electronical Components Manufacturing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Electronical Components Manufacturing | 13 Jan 2021 | $10M | not disclosed | Wave Equity Partners |
| Electronical Components Manufacturing | 22 Nov 2020 | undisclosed | not disclosed | Brunnur Ventures |
| 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 | 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 |
| Electronical Components Manufacturing | 1 Aug 2021 | undisclosed | not disclosed | Qianhai FoFs |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Kymeta raise in its Growth round?
Kymeta raised $30M in its Growth round, announced in Dec 2020.
Who led Kymeta's Growth round?
Hanwha Systems led it.
What was Kymeta's valuation at the Growth round?
It was not disclosed; its last disclosed one was $284M at the Growth (Aug 2020).
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 $29M, and this round was close to the median.
Did Kymeta raise again after this round?
Yes: a Growth round in Mar 2022 of $84M.