Astranis, a San Francisco, CA-based microsatellite startup, raised $90m in series B funding.
The round included:
– $40m of equity financing led by Venrock with continued investment from Andreessen Horowitz and participation from existing investors Fifty Years, Refactor Capital, and Y Combinator,
– a debt facility of up to $50m from TriplePoint Capital.
As part of the most recent financing round, Ethan Batraski and Dan Berkenstock, founding CEO of Skybox, joined the Astranis Board of Directors.
The company intends to use the funds to launch its first commercial satellite.
Founded in 2015 by John Gedmark and Ryan McLinko, Astranis is building a micro-geostationary orbit (GEO) satellite that is small in size, 350 kg, manufactured and launched in months (instead of years). Astranis is now a team of over 100 people.