Funding round
Spacelift Series C
Spacelift, which works in infrastructure automation platform development in Redwood City, raised $51M in a Series C round announced on 10 Jul 2025, led by Five Elms Capital. 3 firms took part. It is Spacelift's fourth venture round on record; the one before was a Series B in Jun 2021.
$51M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
Spacelift did not disclose a valuation in this round. It came 49 months after Spacelift's Series B. It is 69% of the $74M Spacelift has raised in the venture rounds on record. No later venture round is on record for Spacelift.
Spacelift's funding rounds
Spacelift has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Five Elms Capital led the round with 2 other firms.
Lead investor
- backs 44 venture-backed companies new investor
Also in the round
- Endeavor backs 236 venture-backed companies new investor
- backs 25 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, sales and marketing and scaling operations.
- Product development
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
275 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 85% of the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 1 Jul 2025 | $280M | $1.40B | not named |
| Tech Companies | 29 Jul 2025 | $243M | $1.25B | Andreessen Horowitz and Oak HC/FT |
| Tech Companies | 30 Jul 2025 | $156M | not disclosed | Sutter Hill Ventures |
| Tech Companies | 31 Jul 2025 | $150M | $1.50B | Insight Partners |
| Tech Companies | 31 Jul 2025 | $125M | $1.50B | Meritech Capital |
| Tech Companies | 31 Jul 2025 | $70M | not disclosed | Avataar Venture Partners |
| Tech Companies | 16 Jul 2025 | $58M | not disclosed | Navis Capital Partners |
| Tech Companies | 31 Jul 2025 | $55M | not disclosed | Toba Capital |
Sources
Where this comes from
Reported by 8 sources.
Questions
Frequently asked
How much did Spacelift raise in its Series C round?
Spacelift raised $51M in its Series C round, announced in Jul 2025.
Who led Spacelift's Series C round?
Five Elms Capital led it, with Endeavor and Inovo.
What was Spacelift's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Tech Companies?
275 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 85% of the median.