Funding round
Kymeta Growth
Reported as "Growth Equity"
Kymeta, which works in satellite connectivity solutions development in Redmond, raised $84M in a Growth round announced on 15 Mar 2022, led by Breakthrough Energy. 2 firms took part. It is Kymeta's sixth venture round on record; the one before was a Growth in Dec 2020.
$84M
Amount raised
Not disclosed
Post-money valuation
2
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 15 months after Kymeta's Growth. It is 22% of the $385M Kymeta has raised in the venture rounds on record. No later venture round is on record for Kymeta.
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 28 Dec 2020, led by Hanwha Systems $30M
- Growth this round 15 Mar 2022, led by Breakthrough Energy $84M
- Debt not a venture round 5 Sep 2024 $20M
Investors
Who put money in
Breakthrough Energy led the round with 1 other firm.
Lead investor
- Breakthrough Energy backs 113 venture-backed companies new investor
Also in the round
- Hanwha Systems new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
12 Growth rounds in Electronical Components Manufacturing within a year either side disclosed an amount; the median was $38M, and this round was 2.2 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 | 28 Mar 2022 | $55M | not disclosed | Renesas Electronics Corporation and Millennium Technology Value Partners |
| Electronical Components Manufacturing | 17 Jan 2022 | $31M | not disclosed | 中信聚信 |
| Electronical Components Manufacturing | 10 May 2022 | $30M | not disclosed | Anzu Partners |
| Electronical Components Manufacturing | 12 Nov 2021 | $74M | not disclosed | Varana Capital and M&G Investments |
| Electronical Components Manufacturing | 9 Aug 2022 | $63M | not disclosed | Siemens AG and Siemens |
| Electronical Components Manufacturing | 13 Sep 2022 | undisclosed | not disclosed | not named |
| Electronical Components Manufacturing | 25 Aug 2021 | $35M | $1.10B | GoldenSand Capital and HG Semiconductors |
| Electronical Components Manufacturing | 10 Oct 2022 | $30M | not disclosed | Tikehau Capital |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Kymeta raise in its Growth round?
Kymeta raised $84M in its Growth round, announced in Mar 2022.
Who led Kymeta's Growth round?
Breakthrough Energy led it, with Hanwha Systems.
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?
12 Growth rounds in Electronical Components Manufacturing within a year either side disclosed an amount; the median was $38M, and this round was 2.2 times the median.