Funding round
True Anomaly Series D
True Anomaly, which works in space defense solutions development in Centennial, raised $650M in a Series D round announced on 28 Apr 2026, led by Eclipse and Riot Ventures, at a $2.20B post-money valuation. 15 firms took part, 7 of them already investors. It is True Anomaly's fourth venture round on record; the one before was a Series C in Apr 2025.
$650M
Amount raised
of which $50M debt
$2.20B
Post-money valuation
$1.55B pre-money
15
Investors
2 leads
27%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced True Anomaly at $2.20B after the new money. The $650M bought investors about 27% of the company. It came 12 months after True Anomaly's Series C. It is 63% of the $1.03B True Anomaly has raised in the venture rounds on record. No later venture round is on record for True Anomaly.
True Anomaly's funding rounds
True Anomaly has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Eclipse and Riot Ventures led the round with 13 other firms. Accel, Menlo Ventures, ACME Capital and Space VC and 3 more had backed True Anomaly before.
Lead investors
- Eclipse backs 79 venture-backed companies new investor
- backs 19 venture-backed companies new investor
Also in the round
- Paradigm backs 82 venture-backed companies new investor
- Atreides Management backs 53 venture-backed companies new investor
- G Squared backs 40 venture-backed companies new investor
- backs 9 venture-backed companies new investor
- backs 13 venture-backed companies new investor
- Accel backs 581 venture-backed companies existing investor
- Menlo Ventures backs 215 venture-backed companies existing investor
- backs 41 venture-backed companies existing investor
- backs 9 venture-backed companies existing investor
- Meritech Capital backs 84 venture-backed companies existing investor
- Narya existing investor
- backs 59 venture-backed companies existing investor
- Stifel Bank 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
15 Series D rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $500M, and this round was 1.3 times the median. The closest in time, other companies' Series D rounds in Aerospace and Defence:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Saronic Technologies Aerospace and Defence | 31 Mar 2026 | $1.75B | $9.25B | Kleiner Perkins |
| Impulse Space Aerospace and Defence | 2 Jun 2026 | $500M | $4.26B | 137 Ventures and Banner VC |
| Isar Aerospace Aerospace and Defence | 9 Jun 2026 | $310M | $2.30B | not named |
| Aerospace and Defence | 19 Jun 2026 | $195M | not disclosed | not named |
| Quantum Systems Aerospace and Defence | 2 Jul 2026 | $1.20B | $8.00B | Blackstone and Noteus |
| K2 Space Aerospace and Defence | 30 Jul 2026 | $500M | $6.80B | Kleiner Perkins and ICONIQ |
| Aerospace and Defence | 22 Jan 2026 | $53M | not disclosed | Azimut Group |
| Aerospace and Defence | 20 Jan 2026 | undisclosed | not disclosed | not named |
Sources
Where this comes from
Reported by 9 sources.
Questions
Frequently asked
How much did True Anomaly raise in its Series D round?
True Anomaly raised $650M in its Series D round, announced in Apr 2026.
Who led True Anomaly's Series D round?
Eclipse and Riot Ventures led it, with Paradigm, Atreides Management, G Squared, The Private Shares Fund and VanEck and 8 more.
What was True Anomaly's valuation at the Series D round?
$2.20B post-money ($1.55B pre-money).
How does it compare with other Series D rounds in Aerospace and Defence?
15 Series D rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $500M, and this round was 1.3 times the median.