Funding round
Kymeta Series C
Kymeta, which works in satellite connectivity solutions development in Redmond, raised $50M in a Series C round announced on 9 Jul 2013. 5 firms took part, 2 of them already investors. It is Kymeta's first venture round on record.
$50M
Amount raised
Not disclosed
Post-money valuation
5
Investors
no lead named
Valuation
What this round says about the price
Kymeta did not disclose a valuation in this round. It is Kymeta's first venture round on record, 1 year after it was founded in 2012. It is 13% of the $385M Kymeta has raised in the venture rounds on record. Kymeta raised again 30 months later: a Series D round of $62M in Jan 2016. Its next priced round, a Growth in Aug 2020, valued it at $284M.
Kymeta's funding rounds
Kymeta has 6 venture rounds on record and 2 other deals. This one is highlighted.
- Series C this round 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 15 Mar 2022, led by Breakthrough Energy $84M
- Debt not a venture round 5 Sep 2024 $20M
Investors
Who put money in
5 firms took part; no lead investor was named.
Investors
- Lux Capital backs 194 venture-backed companies existing investor
- Liberty Global existing investor
- Osage University Partners new investor
- The Kresge Foundation new investor
- Breakthrough Energy backs 113 venture-backed companies
Joined the board: Bob McCambridge.
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations and working capital.
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 2 in Electronical Components Manufacturing, then Series C rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Electronical Components Manufacturing | 18 Jul 2013 | $15M | not disclosed | The Westly Group |
| Electronical Components Manufacturing | 31 Mar 2014 | $25M | not disclosed | not named |
| Tech Companies | 9 Jul 2013 | $22M | not disclosed | Menlo Ventures and Iris Capital |
| Tech Companies | 18 Jul 2013 | $20M | not disclosed | eCAPITAL |
| Software Development Services | 31 Jul 2013 | $20M | not disclosed | Founders Fund |
| Tech Companies | 17 Jul 2013 | $16M | not disclosed | Sequoia Capital |
| Hosting & Cloud Infrastructure Providers | 30 Jul 2013 | $16M | not disclosed | Bessemer Venture Partners |
| Tech Companies | 16 Jul 2013 | $5.0M | not disclosed | Toba Capital |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Kymeta raise in its Series C round?
Kymeta raised $50M in its Series C round, announced in Jul 2013.
Which investors took part in Kymeta's Series C round?
Lux Capital, Liberty Global, Osage University Partners, The Kresge Foundation and Breakthrough Energy.
What was Kymeta's valuation at the Series C round?
It was not disclosed.
Did Kymeta raise again after this round?
Yes: a Series D round in Jan 2016 of $62M.