Funding round
Sierra Nevada Corporation Series A
Sierra Nevada Corporation, which works in aerospace and defense solutions development in Sparks, raised $1.40B in a Series A round announced on 30 Mar 2022, led by General Atlantic, Coatue and Moore Strategic Ventures, at a $4.50B post-money valuation. 5 firms took part.
$1.40B
Amount raised
$4.50B
Post-money valuation
$3.10B pre-money
5
Investors
3 leads
31%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Sierra Nevada Corporation at $4.50B after the new money. The $1.40B bought investors about 31% of the company. It is Sierra Nevada Corporation's first venture round on record, 59 years after it was founded in 1963. No later venture round is on record for Sierra Nevada Corporation.
Sierra Nevada Corporation's funding rounds
This is the only venture round on record for Sierra Nevada Corporation.
- Series A this round 30 Mar 2022, led by General Atlantic, Coatue and Moore Strategic Ventures $1.40B$4.50B post-money
Investors
Who put money in
General Atlantic, Coatue and Moore Strategic Ventures led the round with 2 other firms.
Lead investors
- General Atlantic backs 134 venture-backed companies new investor
- Coatue backs 229 venture-backed companies new investor
- Moore Strategic Ventures new investor
Also in the round
- BlackRock Private Equity Partners new investor
- backs 23 venture-backed companies new investor
Comparable rounds
How it compares
36 Series A rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $24M, and this round was 60 times the median. The closest in time, other companies' Series A rounds in Aerospace and Defence:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Aerospace and Defence | 28 Mar 2022 | $25M | not disclosed | Radical Ventures |
| Aerospace and Defence | 1 Mar 2022 | $20M | not disclosed | not named |
| Hadrian Aerospace and Defence | 1 Apr 2022 | $90M | not disclosed | Andreessen Horowitz and Lux Capital |
| Aerospace and Defence | 26 Apr 2022 | $27M | not disclosed | Crosslink Capital and Razor’s Edge Ventures |
| Aerospace and Defence | 5 Apr 2022 | $20M | not disclosed | Prime Movers Lab |
| Aerospace and Defence | 8 Apr 2022 | $5.6M | not disclosed | not named |
| Aerospace and Defence | 20 May 2022 | $60M | not disclosed | HikeCapital |
| Forterra Aerospace and Defence | 9 Dec 2021 | $228M | not disclosed | SoftBank Vision Fund and Enlightenment Capital |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Sierra Nevada Corporation raise in its Series A round?
Sierra Nevada Corporation raised $1.40B in its Series A round, announced in Mar 2022.
Who led Sierra Nevada Corporation's Series A round?
General Atlantic, Coatue and Moore Strategic Ventures led it, with BlackRock Private Equity Partners and AE Industrial Partners.
What was Sierra Nevada Corporation's valuation at the Series A round?
$4.50B post-money ($3.10B pre-money).
How does it compare with other Series A rounds in Aerospace and Defence?
36 Series A rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $24M, and this round was 60 times the median.