Funding round
True Anomaly Series A
True Anomaly, which works in space defense solutions development in Centennial, raised $17M in a Series A round announced on 6 Apr 2023, led by Eclipse. 5 firms took part. It is True Anomaly's first venture round on record.
$17M
Amount raised
Not disclosed
Post-money valuation
5
Investors
1 lead
Valuation
What this round says about the price
True Anomaly did not disclose a valuation in this round. It is True Anomaly's first venture round on record, 1 year after it was founded in 2022. It is 1.7% of the $1.03B True Anomaly has raised in the venture rounds on record. True Anomaly raised again 8 months later: a Series B round of $100M in Dec 2023. Its next priced round, a Series D in Apr 2026, valued it at $2.20B.
True Anomaly's funding rounds
True Anomaly has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Eclipse led the round with 4 other firms.
Lead investor
- Eclipse backs 79 venture-backed companies new investor
Also in the round
- backs 19 venture-backed companies new investor
- Champion Hill Ventures new investor
- backs 9 venture-backed companies new investor
- backs 6 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations.
- Scaling operations
Comparable rounds
How it compares
32 Series A rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $18M, and this round was close to 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 | 17 Apr 2023 | $29M | not disclosed | not named |
| Aerospace and Defence | 24 Apr 2023 | $9.0M | not disclosed | Hanwha Aerospace |
| Aerospace and Defence | 24 May 2023 | $16M | not disclosed | Molten Ventures |
| Aerospace and Defence | 9 Mar 2023 | $14M | not disclosed | Munich Re Ventures |
| Aerospace and Defence | 10 May 2023 | $10M | not disclosed | CEECAT Capital |
| Aerospace and Defence | 21 Mar 2023 | $10M | not disclosed | AE Industrial Partners |
| The Exploration Company Aerospace and Defence | 1 Feb 2023 | $44M | not disclosed | not named |
| Apex Aerospace and Defence | 22 Jun 2023 | $16M | not disclosed | Andreessen Horowitz and Shield Capital |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did True Anomaly raise in its Series A round?
True Anomaly raised $17M in its Series A round, announced in Apr 2023.
Who led True Anomaly's Series A round?
Eclipse led it, with Riot Ventures, Champion Hill Ventures, Space VC and Narya.
What was True Anomaly's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Aerospace and Defence?
32 Series A rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $18M, and this round was close to the median.
Did True Anomaly raise again after this round?
Yes: a Series B round in Dec 2023 of $100M.