Funding round
Relativity Space Series B
Relativity Space, which works in aerospace manufacturing and software development in Long Beach, raised $35M in a Series B round announced on 27 Mar 2018, led by Playground. 4 firms took part, 2 of them already investors. It is Relativity Space's second venture round on record; the one before was a Seed in Mar 2016.
$35M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Relativity Space did not disclose a valuation in this round. It came 24 months after Relativity Space's Seed. It is 1.5% of the $2.38B Relativity Space has raised in the venture rounds on record. Relativity Space raised again 19 months later: a Series C round of $140M in Oct 2019. Its next priced round, a Series D in Nov 2020, valued it at $2.30B.
Relativity Space's funding rounds
Relativity Space has 6 venture rounds on record. This one is highlighted.
- Seed 21 Mar 2016 $620K
- Series B this round 27 Mar 2018, led by Playground $35M
- Series C 1 Oct 2019, led by BOND and Tribe Capital $140M
- Series D 23 Nov 2020, led by Tiger Global $500M$2.30B post-money
- Series E 8 Jun 2021, led by Fidelity Management & Research Company LLC and Fidelity Investments $650M$4.20B post-money
- Series F 1 Nov 2023 $1.05B
Investors
Who put money in
Playground led the round with 3 other firms. Social Capital and Y Combinator had backed Relativity Space before.
Lead investor
- backs 51 venture-backed companies new investor
Also in the round
- Social Capital backs 94 venture-backed companies existing investor
- Y Combinator backs 1,295 venture-backed companies existing investor
- backs 28 venture-backed companies
Joined the board: Jory Bell (Playground Global).
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
11 Series B rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $19M, and this round was 1.8 times the median. The closest in time, other companies' Series B rounds in Aerospace and Defence:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Aerospace and Defence | 15 May 2018 | $60M | not disclosed | Horizons Ventures |
| ICEYE Aerospace and Defence | 24 May 2018 | $34M | not disclosed | True Ventures |
| Aerospace and Defence | 27 Nov 2017 | $5.0M | not disclosed | Airbus Ventures |
| Aerospace and Defence | 6 Aug 2018 | $36M | not disclosed | not named |
| Aerospace and Defence | 26 Sep 2018 | $19M | not disclosed | Spark Capital and DCVC |
| Aerospace and Defence | 12 Sep 2017 | $17M | not disclosed | Celesta Capital |
| Aerospace and Defence | 24 Sep 2018 | $2.5M | not disclosed | Hegemon Capital |
| Aerospace and Defence | 1 Oct 2018 | $14M | not disclosed | Main Sequence and Blackbird |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Relativity Space raise in its Series B round?
Relativity Space raised $35M in its Series B round, announced in Mar 2018.
Who led Relativity Space's Series B round?
Playground led it, with Social Capital, Y Combinator and Mark Cuban Companies.
What was Relativity Space's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Aerospace and Defence?
11 Series B rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $19M, and this round was 1.8 times the median.
Did Relativity Space raise again after this round?
Yes: a Series C round in Oct 2019 of $140M.