Rocket Lab Raises $140 Million in Funding

Electron It’s Business Time lift-off (Credits: Kieran Fanning & Sam Toms)
  • Rocket Lab reveals $140 million (USD) funding in Series E financing, closed in advance of the company’s second successful orbital mission, ‘It’s Business Time’ on 11 November.
  • Investors show continued ardent support in pre-‘It’s Business Time’ launch round led by existing backers Future Fund (Australia’s Sovereign Wealth Fund), with participation from current investors Greenspring Associates, Khosla Ventures, Bessemer Venture Partners, DCVC (Data Collective), Promus Ventures, and K1W1.
  • New investor, the Accident Compensation Corporation of New Zealand (ACC), also joins the round.
  • Funding will support continued Electron vehicle production expansion, new launch sites and three new major research and development programs.

HUNTINGTON BEACH, Calif., November 15, 2018 (Rocket Lab PR) – US orbital launch provider Rocket Lab has closed a Series E financing round of $140 million (USD). The funding round closed last month, prior to the launch of the successful mission ‘It’s Business Time,’ and was led by existing investor Future Fund, with strong participation from current investors including Greenspring Associates, Khosla Ventures, Bessemer Venture Partners, DCVC (Data Collective), Promus Ventures and K1W1. New investor ACC also contributed to the round. The Series E round close brings total Rocket Lab funding to date to more than $288 million (USD), with the company now soaring past its previous $1 billion-plus (USD) valuation.

(more…)

Start-up Space Blasts Off

Bryce Space and Technology has produced a new report, Start-up Space: Update on Investment in Commercial Space Ventures.

Below is the executive summary. You can also download the full report.

Executive Summary

The Start-Up Space series examines space investment in the 21st century and analyzes investment trends, focusing on investors in new companies that have acquired private financing. Space is continuing to attract increased attention in Silicon Valley and in investment communities world-wide. Space ventures now appeal to investors because new, lower-cost systems are envisioned to follow the path terrestrial tech has profitably traveled: dropping system costs and massively increasing user bases for new products, especially new data products. Large valuations and exits are demonstrating the potential for high returns.
(more…)

Rocket Lab Raises $75 Million Series D Funding Round

First Electron rocket at launch site. (Credit: Rocket Lab)

By Peter Beck,
Rocket Lab CEO

Today, we announced that Rocket Lab has closed a $75m Series D financing round, led by Data Collective, with additional investors Promus Ventures and an undisclosed investor. We’ve partnered with this esteemed group of investors because of their experience in the space industry.  We also had renewed participation in this round from our existing investors – Khosla Ventures, Bessemer Venture Partners and K1W1 – who have provided continued expertise and support as we work to make space accessible to everyone. The closure of the round brings the total funding Rocket Lab has received to date to $148 million, with the company value now in excess of $1 billion (USD).

(more…)

Bessemer Venture Partners Starts Spacetech Practice

Bessemer_Venture_Partners_logoMENLO PARK, March 2, 2015 (BVP PR) — Bessemer Venture Partners announced today that it has recruited Scott Smith of Iridium Communications, Inc. as a part-time Operating Partner, where he will help identify and advise portfolio companies in what BVP calls the emerging “spacetech” sector.

Smith will continue to serve as Chief Operating Officer and a board director of Iridium, operator of the world’s largest commercial satellite constellation. He previously served in the same role at Digital Globe. In addition to his experience at aerospace industry leaders, Smith’s background includes space tech startups: in 1995 he co-founded Space Imaging, and he recently served on the board of Skybox until its acquisition by Google.

(more…)