Funding round
Spacelift Series B
Spacelift, which works in infrastructure automation platform development in Redwood City, raised $15M in a Series B round announced on 15 Jun 2021, led by Insight Partners. 4 firms took part, 4 of them already investors. It is Spacelift's third venture round on record; the one before was a Series A in Feb 2021.
$15M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Spacelift did not disclose a valuation in this round. It came 4 months after Spacelift's Series A. It is 20% of the $74M Spacelift has raised in the venture rounds on record. Spacelift raised again 49 months later: a Series C round of $51M in Jul 2025.
Spacelift's funding rounds
Spacelift has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Insight Partners led the round with 3 other firms. Insight Partners, Blossom Capital, Inovo Venture Partners and Hoxton Ventures had backed Spacelift before.
Lead investor
- Insight Partners backs 548 venture-backed companies existing investor
Also in the round
- backs 30 venture-backed companies existing investor
- Inovo Venture Partners existing investor
- Hoxton Ventures backs 50 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
1,003 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $31M, and this round was 48% of the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Dream Games Tech Companies | 30 Jun 2021 | $155M | $1.00B | Index Ventures and Makers Fund |
| Tech Companies | 24 Jun 2021 | $127M | not disclosed | not named |
| Tech Companies | 9 Jun 2021 | $75M | not disclosed | WestCap |
| Tech Companies | 30 Jun 2021 | $70M | not disclosed | Insight Partners and Dawn Capital |
| Tech Companies | 23 Jun 2021 | $70M | $400M | Craft Ventures |
| Tech Companies | 3 Jun 2021 | $65M | not disclosed | Insight Partners and Velvet Sea Ventures |
| Tech Companies | 8 Jun 2021 | $60M | $600M | Menlo Ventures |
| Tech Companies | 30 Jun 2021 | $60M | not disclosed | Insight Partners |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Spacelift raise in its Series B round?
Spacelift raised $15M in its Series B round, announced in Jun 2021.
Who led Spacelift's Series B round?
Insight Partners led it, with Blossom Capital, Inovo Venture Partners and Hoxton Ventures.
What was Spacelift's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Tech Companies?
1,003 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $31M, and this round was 48% of the median.
Did Spacelift raise again after this round?
Yes: a Series C round in Jul 2025 of $51M.