Funding round
Relativity Space Series D
Relativity Space, which works in aerospace manufacturing and software development in Long Beach, raised $500M in a Series D round announced on 23 Nov 2020, led by Tiger Global, at a $2.30B post-money valuation. 15 firms took part, 6 of them already investors, with 2 individual investors. It is Relativity Space's fourth venture round on record; the one before was a Series C in Oct 2019.
$500M
Amount raised
$2.30B
Post-money valuation
$1.80B pre-money
15
Investors
1 lead
22%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Relativity Space at $2.30B after the new money. The $500M bought investors about 22% of the company. It came 13 months after Relativity Space's Series C. It is 21% of the $2.38B Relativity Space has raised in the venture rounds on record. Relativity Space raised again 7 months later: a Series E round of $650M in Jun 2021, at $4.20B 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 1 Oct 2019, led by BOND and Tribe Capital $140M
- Series D this round 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
Tiger Global led the round with 14 other firms. BOND, Tribe Capital, K5 Global and 3L Growth Equity and 2 more had backed Relativity Space before.
Lead investor
- Tiger Global backs 391 venture-backed companies new investor
Also in the round
- Fidelity Management & Research Company LLC new investor
- Baillie Gifford new investor
- ICONIQ Capital new investor
- General Catalyst backs 574 venture-backed companies new investor
- XN new investor
- Senator Investment Group new investor
- Elad Gil new investor
- BOND backs 91 venture-backed companies existing investor
- backs 69 venture-backed companies existing investor
- backs 60 venture-backed companies existing investor
- backs 19 venture-backed companies existing investor
- backs 51 venture-backed companies existing investor
- Allen & Company existing investor
- Fidelity new investor
Individual investors: Mark Cuban and Spencer Rascoff.
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 Aerospace and Defence, then Series D rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Anduril Aerospace and Defence | 17 Jun 2021 | $450M | $4.60B | Elad Gil |
| Shield AI Aerospace and Defence | 25 Aug 2021 | $210M | not disclosed | Disruptive |
| Tech Companies | 17 Nov 2020 | $270M | not disclosed | GGV Capital and Access Technology Ventures |
| Tech Companies | 17 Nov 2020 | $60M | $490M | Travelers and State Farm Ventures |
| Health Care Services | 18 Nov 2020 | $42M | not disclosed | Valor |
| Insurance - Agents, Carriers & Brokers | 17 Nov 2020 | $30M | not disclosed | GGV Capital |
| Loans & Financing | 18 Nov 2020 | $28M | not disclosed | SoftBank Ventures Asia and Daesung Private Equity |
| Medical Supply Manufacturers | 30 Nov 2020 | $20M | not disclosed | Molten Ventures |
Sources
Where this comes from
Reported by 8 sources.
Questions
Frequently asked
How much did Relativity Space raise in its Series D round?
Relativity Space raised $500M in its Series D round, announced in Nov 2020.
Who led Relativity Space's Series D round?
Tiger Global led it, with Fidelity Management & Research Company LLC, Baillie Gifford, ICONIQ Capital, General Catalyst and XN and 9 more.
What was Relativity Space's valuation at the Series D round?
$2.30B post-money ($1.80B pre-money).
Did Relativity Space raise again after this round?
Yes: a Series E round in Jun 2021 of $650M at $4.20B post-money.