Funding round
Relativity Space Series E
Relativity Space, which works in aerospace manufacturing and software development in Long Beach, raised $650M in a Series E round announced on 8 Jun 2021, led by Fidelity Management & Research Company LLC and Fidelity Investments, at a $4.20B post-money valuation. 18 firms took part. It is Relativity Space's fifth venture round on record; the one before was a Series D in Nov 2020.
$650M
Amount raised
$4.20B
Post-money valuation
$3.55B pre-money
18
Investors
2 leads
1.8x
Step-up from the Series D
$2.30B in Nov 2020
15%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Relativity Space at $4.20B after the new money, 1.8 times the $2.30B of its Series D (Nov 2020). The $650M bought investors about 15% of the company. It came 7 months after Relativity Space's Series D. It is 27% of the $2.38B Relativity Space has raised in the venture rounds on record. Relativity Space raised again 29 months later: a Series F round of $1.05B in Nov 2023.
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 23 Nov 2020, led by Tiger Global $500M$2.30B post-money
- Series E this round 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
Fidelity Management & Research Company LLC and Fidelity Investments led the round with 16 other firms.
Lead investors
- Fidelity Management & Research Company LLC new investor
- Fidelity Investments
Also in the round
- Baillie Gifford new investor
- BlackRock new investor
- backs 3 venture-backed companies new investor
- Coatue backs 229 venture-backed companies new investor
- backs 60 venture-backed companies new investor
- new investor
- Tiger Global backs 391 venture-backed companies new investor
- backs 69 venture-backed companies new investor
- XN new investor
- backs 13 venture-backed companies new investor
- backs 39 venture-backed companies new investor
- backs 6 venture-backed companies new investor
- backs 2 venture-backed companies new investor
- Montauk Ventures new investor
- backs 9 venture-backed companies new investor
- 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: 1 in Aerospace and Defence, then Series E rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Shield AI Aerospace and Defence | 31 May 2022 | $90M | $2.30B | Snowpoint Ventures |
| Gong Tech Companies | 3 Jun 2021 | $250M | $7.25B | Franklin Templeton |
| Tech Companies | 10 Jun 2021 | $220M | $2.10B | SoftBank Vision Fund |
| Wellhub Tech Companies | 29 Jun 2021 | $220M | $2.20B | not named |
| project44 Tech Companies | 1 Jun 2021 | $202M | $1.20B | Goldman Sachs Asset Management and Emergence Capital |
| Tech Companies | 15 Jun 2021 | $200M | $2.00B | Silver Lake |
| Guild Professional & Management Training | 2 Jun 2021 | $150M | $3.75B | General Catalyst |
| Tech Companies | 29 Jun 2021 | $125M | $1.00B | Goldman Sachs Asset Management |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Relativity Space raise in its Series E round?
Relativity Space raised $650M in its Series E round, announced in Jun 2021.
Who led Relativity Space's Series E round?
Fidelity Management & Research Company LLC and Fidelity Investments led it, with Baillie Gifford, BlackRock, Centricus, Coatue and K5 Global and 11 more.
What was Relativity Space's valuation at the Series E round?
$4.20B post-money ($3.55B pre-money).
Did Relativity Space raise again after this round?
Yes: a Series F round in Nov 2023 of $1.05B.