Funding round
Kymeta Series D
Kymeta, which works in satellite connectivity solutions development in Redmond, raised $62M in a Series D round announced on 11 Jan 2016. 5 firms took part. It is Kymeta's second venture round on record; the one before was a Series C in Jul 2013.
$62M
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 came 30 months after Kymeta's Series C. It is 16% of the $385M Kymeta has raised in the venture rounds on record. Kymeta raised again 15 months later: a Growth round of $74M in Apr 2017. 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 9 Jul 2013 $50M
- Other not a venture round 16 Dec 2014 $20M
- Series D this round 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 new investor
- Kresge Foundation new investor
- Osage University Partners new investor
- Mirai Creation Fund new investor
- Breakthrough Energy backs 113 venture-backed companies
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, sales and marketing, scaling operations and working capital.
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 1 in Electronical Components Manufacturing, then Series D rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Electronical Components Manufacturing | 14 Sep 2015 | $35M | not disclosed | Tyche Partners |
| Travel Agencies | 6 Jan 2016 | $60M | not disclosed | UTour |
| Bloomreach Tech Companies | 29 Jan 2016 | $56M | not disclosed | not named |
| Tech Companies | 8 Jan 2016 | $50M | not disclosed | Bessemer Venture Partners |
| Tech Companies | 14 Jan 2016 | $45M | $250M | Union Square Ventures |
| Media Companies | 1 Jan 2016 | $38M | $550M | Development Bank of Japan |
| Tech Companies | 5 Jan 2016 | $20M | not disclosed | not named |
| Newspapers & Magazines | 1 Jan 2016 | $12M | not disclosed | SABAN Capital Group |
Sources
Where this comes from
Reported by 3 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Kymeta raise in its Series D round?
Kymeta raised $62M in its Series D round, announced in Jan 2016.
Which investors took part in Kymeta's Series D round?
Lux Capital, Kresge Foundation, Osage University Partners, Mirai Creation Fund and Breakthrough Energy.
What was Kymeta's valuation at the Series D round?
It was not disclosed.
Did Kymeta raise again after this round?
Yes: a Growth round in Apr 2017 of $74M.