Funding round
Relativity Space Series C
Relativity Space, which works in aerospace manufacturing and software development in Long Beach, raised $140M in a Series C round announced on 1 Oct 2019, led by BOND and Tribe Capital. 6 firms took part. It is Relativity Space's third venture round on record; the one before was a Series B in Mar 2018.
$140M
Amount raised
Not disclosed
Post-money valuation
6
Investors
2 leads
Valuation
What this round says about the price
Relativity Space did not disclose a valuation in this round. It came 19 months after Relativity Space's Series B. It is 5.9% of the $2.38B Relativity Space has raised in the venture rounds on record. Relativity Space raised again 13 months later: a Series D round of $500M in Nov 2020, at $2.30B post-money.
Relativity Space's funding rounds
Relativity Space has 6 venture rounds on record. This one is highlighted.
- Seed 21 Mar 2016 $620K
- Series B 27 Mar 2018, led by Playground $35M
- Series C this round 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
BOND and Tribe Capital led the round with 4 other firms.
Lead investors
- BOND backs 91 venture-backed companies new investor
- Tribe Capital new investor
Also in the round
- backs 51 venture-backed companies new investor
- Y Combinator backs 1,295 venture-backed companies new investor
- Social Capital backs 94 venture-backed companies new investor
- backs 28 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, scaling operations and working capital.
- Hiring
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 2 in Aerospace and Defence, then Series C rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Anduril Aerospace and Defence | 1 Jul 2020 | $200M | $1.90B | Andreessen Horowitz |
| ICEYE Aerospace and Defence | 22 Sep 2020 | $87M | not disclosed | True Ventures |
| Insurance - Agents, Carriers & Brokers | 7 Oct 2019 | $250M | $1.00B | Munich Re |
| Tech Companies | 15 Oct 2019 | $110M | not disclosed | Accel |
| Rapyd Payment Processing & Point of Sale | 1 Oct 2019 | $100M | $1.00B | Oak HC/FT |
| Tech Companies | 8 Oct 2019 | $100M | not disclosed | March Capital |
| Biotechnology | 15 Oct 2019 | $85M | not disclosed | Aliment Capital and Temasek |
| Electronical Components Manufacturing | 15 Oct 2019 | $75M | $1.00B | not named |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Relativity Space raise in its Series C round?
Relativity Space raised $140M in its Series C round, announced in Oct 2019.
Who led Relativity Space's Series C round?
BOND and Tribe Capital led it, with Playground, Y Combinator, Social Capital and Mark Cuban Companies.
What was Relativity Space's valuation at the Series C round?
It was not disclosed.
Did Relativity Space raise again after this round?
Yes: a Series D round in Nov 2020 of $500M at $2.30B post-money.