Total amount raised
$3.2 Billions
Latest funding date
Location
Viasat has successfully raised funds through various rounds, including a recent Post-IPO Debt round. The company has attracted notable investors such as NASA and The Baupost Group.
Keep reading to explore the intricacies of Viasat's fundraising journey and the investors backing this innovative platform.
What Is Viasat?
Viasat, founded in 1986 in Carlsbad, California, is a global communications company specializing in satellite services. The company was established by Mark Dankberg and has grown significantly over the years.
Viasat provides high-speed satellite internet and other communication solutions across various sectors, including home internet, small business, aviation, energy, enterprise, government, and maritime. Their services are designed to connect communities and families worldwide.
With a workforce of 5001-10000 employees, Viasat continues to innovate and expand its offerings, ensuring reliable and efficient communication solutions for its diverse clientele.
How Much Funding Has Viasat Raised?
- Amount Raised: $133M
- Date: December 2009
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely to support ongoing operations and expansion efforts.
- Amount Raised: $4.8M
- Date: July 2010
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely to enhance technological capabilities and infrastructure.
- Amount Raised: Not publicly disclosed
- Date: January 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely to support strategic growth initiatives.
- Amount Raised: $175M
- Date: July 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely to fund new projects and expand market reach.
- Amount Raised: $53.3M
- Date: April 2022
- Lead Investors: NASA
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To advance research and development in satellite technology.
- Amount Raised: $80M
- Date: August 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support innovation and technological advancements.
- Amount Raised: $733.4M
- Date: September 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To refinance existing debt and improve financial stability.
- Amount Raised: $2B
- Date: September 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To redeem outstanding notes and cover related expenses.
Total Amount Raised: $3.1795B. Current Valuation: Not publicly disclosed.
Key Investors
- NASA
- Details: NASA is the United States government agency responsible for the nation's civilian space program and for aeronautics and aerospace research. It has been a key investor in Viasat, particularly in advancing satellite technology.
- Investment Focus Areas: Space exploration, satellite technology, aeronautics.
- Notable Investments: SpaceX, Blue Origin, Viasat.
- The Baupost Group
- Details: The Baupost Group is a Boston-based investment management firm known for its value-oriented investment strategy. It has a significant stake in Viasat, supporting its growth and technological advancements.
- Investment Focus Areas: Technology, communications, healthcare.
- Notable Investments: eBay, Micron Technology, Viasat.
Information about other major investors in Viasat was not found in the provided sources.
What's Next for Viasat?
Viasat's future looks promising with the recent upsizing of their Senior Secured Notes to $1,975 million, reflecting strong investor confidence. This capital influx provides a significant opportunity for Viasat to refinance existing debt and invest in new projects, potentially driving substantial growth in the satellite communications sector.
Given the successful fundraising, Viasat is well-positioned to explore further opportunities in the debt market, leveraging favorable conditions and investor interest. This could pave the way for additional capital to support technological advancements and market expansion.
However, Viasat may face challenges such as market volatility, regulatory changes, and the need to meet customary closing conditions. Navigating these hurdles will be crucial for maintaining financial stability and achieving long-term growth.
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