Total amount raised
$111 Millions
Latest funding date
Location
LeoLabs has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The company specializes in providing low Earth orbit (LEO) mapping and space situational awareness services.
Keep reading to explore the intricacies of LeoLabs' fundraising journey and the investors backing this innovative platform.
What Is LeoLabs?
Founded in 2016, LeoLabs is an innovative company specializing in low Earth orbit mapping and space situational awareness services. Headquartered in Menlo Park, California, the company operates within the aerospace, database, mapping services, and software industries.
LeoLabs was established by Daniel Ceperley, Edward T. Lu, John Buonocore, and Michael Nicolls. The company employs between 101 and 250 people, focusing on providing persistent orbital intelligence to safeguard life on Earth by monitoring space activities.
How Much Funding Has LeoLabs Raised?
- Seed Round
- Amount Raised: $4M
- Date: February 27, 2017
- Lead Investors: Horizons Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish a global network of ground-based radars for tracking objects in low Earth orbit.
- Series A
- Amount Raised: $13M
- Date: July 26, 2018
- Lead Investors: Airbus Ventures, WERU Investment
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand radar network and enhance data processing capabilities.
- Series A
- Amount Raised: Not publicly disclosed
- Date: December 1, 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop space situational awareness services.
- Series A
- Amount Raised: Not publicly disclosed
- Date: February 5, 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance global radar network and AI capabilities.
- Series B
- Amount Raised: $65M
- Date: June 3, 2021
- Lead Investors: Insight Partners, Velvet Sea Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale existing technologies and develop new ones for space situational awareness.
- Venture Round
- Amount Raised: $29M
- Date: February 12, 2024
- Lead Investors: GP Bullhound
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale up AI-powered insights and support the U.S. Department of Commerce's space traffic coordination efforts.
Total Amount Raised: $111M
Current Valuation: Not publicly disclosed
Key Investors
- GP Bullhound
- Details: GP Bullhound is a leading technology advisory and investment firm. They focus on supporting companies that handle complex data and environmental challenges.
- Investment Focus Areas: Technology, software, ESG (Environmental, Social, and Governance).
- Notable Investments: Ecovadis, LeoLabs.
- Insight Partners
- Details: Insight Partners is a global private equity and venture capital firm. They invest in growth-stage technology and software companies.
- Investment Focus Areas: Technology, software, growth-stage companies.
- Notable Investments: Not publicly disclosed.
- Velvet Sea Ventures
- Details: Velvet Sea Ventures partners with entrepreneurs to build transformative companies. They have a strong focus on innovation.
- Investment Focus Areas: Technology, innovation, transformative companies.
- Notable Investments: Not publicly disclosed.
- Space Capital
- Details: Space Capital is a venture capital firm focused on the space economy. They invest in companies that are advancing space technology.
- Investment Focus Areas: Space technology, space economy, innovation.
- Notable Investments: Not publicly disclosed.
- Dolby Family Ventures
- Details: Dolby Family Ventures is a venture capital firm that invests in early-stage technology companies. They aim to support innovative startups.
- Investment Focus Areas: Early-stage technology, innovation, startups.
- Notable Investments: Not publicly disclosed.
What's Next for LeoLabs?
LeoLabs stands at the cusp of significant opportunities, driven by the increasing number of satellites in low Earth orbit. The company is poised to scale its AI-powered insights and expand its global radar network, addressing the growing demand for space safety and security solutions. With key engagements across Asia Pacific, Europe, and North America, LeoLabs is well-positioned to integrate its expertise into defense command operations and commercial space activities.
Future fundraising appears promising, given the oversubscribed recent round and the company's rapid market growth. Investors are likely to continue supporting LeoLabs' technological advancements and global expansion. However, the company faces challenges such as managing the complexity of space debris and maintaining leadership in a competitive industry. Ensuring continuous and reliable data delivery will be crucial as LeoLabs navigates these hurdles.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay’s platform to access comprehensive fundraising data on companies like LeoLabs and gather other critical business insights. Sign up for free and start making data-driven decisions today.
