Funding round
True Anomaly Series B
True Anomaly, which works in space defense solutions development in Centennial, raised $100M in a Series B round announced on 12 Dec 2023, led by Riot Ventures. 9 firms took part. It is True Anomaly's second venture round on record; the one before was a Series A in Apr 2023.
$100M
Amount raised
Not disclosed
Post-money valuation
9
Investors
1 lead
Valuation
What this round says about the price
True Anomaly did not disclose a valuation in this round. It came 8 months after True Anomaly's Series A. It is 9.7% of the $1.03B True Anomaly has raised in the venture rounds on record. True Anomaly raised again 16 months later: a Series C round of $260M in Apr 2025. 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
Riot Ventures led the round with 8 other firms.
Lead investor
- backs 19 venture-backed companies new investor
Also in the round
- Eclipse backs 79 venture-backed companies new investor
- backs 41 venture-backed companies new investor
- Menlo Ventures backs 215 venture-backed companies new investor
- Narya new investor
- backs 59 venture-backed companies new investor
- backs 34 venture-backed companies new investor
- backs 6 venture-backed companies new investor
- FiveNine Ventures 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
31 Series B rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $61M, and this round was 1.7 times the median. The closest in time, other companies' Series B rounds in Aerospace and Defence:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Aerospace and Defence | 22 Jan 2024 | $29M | not disclosed | not named |
| Hadrian Aerospace and Defence | 21 Feb 2024 | $117M | not disclosed | not named |
| Aerospace and Defence | 1 Feb 2024 | $107M | not disclosed | not named |
| Stoke Space Aerospace and Defence | 5 Oct 2023 | $100M | not disclosed | Industrious Ventures |
| Aerospace and Defence | 17 Oct 2023 | $24M | not disclosed | Celesta Capital and Rocketship.vc |
| Sierra Space Aerospace and Defence | 26 Sep 2023 | $290M | $5.30B | MUFG Bank and Kanematsu |
| Helsing Aerospace and Defence | 14 Sep 2023 | $224M | $1.82B | General Catalyst |
| Aerospace and Defence | 11 Sep 2023 | $50M | not disclosed | ETF Partners and Trill Impact |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did True Anomaly raise in its Series B round?
True Anomaly raised $100M in its Series B round, announced in Dec 2023.
Who led True Anomaly's Series B round?
Riot Ventures led it, with Eclipse, ACME Capital, Menlo Ventures, Narya and 645 Ventures and 3 more.
What was True Anomaly's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Aerospace and Defence?
31 Series B rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $61M, and this round was 1.7 times the median.
Did True Anomaly raise again after this round?
Yes: a Series C round in Apr 2025 of $260M.