Total amount raised
$14.8 Millions
Latest funding date
10/1/2022
Location
Astra has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The company offers an API for instant payments, enabling seamless transfers between bank accounts and cards.
Keep reading to explore the intricacies of Astra's fundraising journey and the investors backing this innovative platform.
What Is Astra?
Astra, founded in 2016 by Adam London and Chris Kemp, is headquartered in Alameda, California. The company specializes in providing satellite delivery and launch services, focusing on cost-effective and frequent access to space for small satellite payloads.
With a team of 251-500 employees, Astra offers online reservations for payload deliveries to both sun-synchronous and low-inclination orbits. Their services include dedicated launches for payloads ranging from 50kg to 150kg to a 500km sun-synchronous orbit (SSO).
In addition to their launch services, Astra is committed to making space more accessible and affordable, aiming to revolutionize the satellite delivery industry.
How Much Funding Has Astra Raised?
- Round Name: Series C
- Amount Raised: $100M
- Date: October 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance satellite delivery capabilities.
- Round Name: Post-IPO Equity
- Amount Raised: $200M
- Date: July 2021
- Lead Investors: BlackRock
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand launch services and invest in new technologies.
- Round Name: Post-IPO Equity
- Amount Raised: $65M
- Date: July 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operations and strategic initiatives.
- Round Name: Post-IPO Debt
- Amount Raised: $12.5M
- Date: August 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity and support financial stability.
- Round Name: Post-IPO Debt
- Amount Raised: $13.4M
- Date: November 2023
- Lead Investors: JMCM Holdings, Sherpa Healthcare Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To raise additional liquidity and support strategic transactions.
Total Amount Raised: $390.9M
Current Valuation: Not publicly disclosed
Key Investors
- JMCM Holdings
- Details: JMCM Holdings is a private investment firm. They focus on providing strategic capital to high-growth companies.
- Investment Focus Areas: Technology, healthcare, financial services
- Notable Investments: Not publicly disclosed
- Sherpa Healthcare Partners
- Details: Sherpa Healthcare Partners is a venture capital firm specializing in healthcare investments. They aim to support innovative healthcare solutions.
- Investment Focus Areas: Biotechnology, medical devices, healthcare services
- Notable Investments: Not publicly disclosed
- BlackRock
- Details: BlackRock is one of the world's largest asset management firms. They offer a range of investment management and advisory services.
- Investment Focus Areas: Technology, infrastructure, renewable energy
- Notable Investments: Apple, Microsoft, Alphabet
- Sherpa Venture Funds II
- Details: Sherpa Venture Funds II is associated with Scott Stanford and his firm Acme. Scott Stanford is an early investor in Astra and a member of its board of directors.
- Investment Focus Areas: Technology, consumer goods, financial services
- Notable Investments: Not publicly disclosed
- Accelerator Ventures
- Details: Accelerator Ventures is a venture capital firm that invests in early-stage technology companies. They provide both capital and strategic guidance.
- Investment Focus Areas: Software, internet, mobile
- Notable Investments: Facebook, LinkedIn, OpenTable
What's Next for Astra?
Astra's future is brimming with opportunities, particularly in the spacecraft engine business, which they acquired in 2021. This sector is poised for growth as the demand for efficient and reliable space propulsion systems increases. The recent $13.4 million debt financing from JMCM Holdings and Sherpa Venture Funds II provides Astra with the liquidity needed to explore these opportunities further.
Looking ahead, Astra is likely to pursue additional capital-raising initiatives to support its strategic goals. The company is also exploring potential partnerships and acquisitions to bolster its technological capabilities. However, challenges such as the integration of the spacecraft engine business and the need to maintain financial stability remain significant hurdles. Despite these obstacles, Astra's strategic focus and recent financial maneuvers position it well for future growth.
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