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Total amount raised
$1.2 Billion
Latest funding date
2026-05-06
Location
Astranis has successfully raised funds over 11 rounds, with the latest being a $300 million Series E co-led by Snowpoint Ventures and Franklin Templeton, announced alongside a delayed-draw credit facility of up to $155 million from Trinity Capital. The company is backed by a total of 55 investors, including notable names like Uncorrelated Ventures and BAM Elevate.
Keep reading to explore the intricacies of Astranis' fundraising journey and the investors backing this innovative satellite company.
Astranis has raised more than $1.2 billion in funding across multiple rounds, backed by prominent investors including Snowpoint Ventures, Franklin Templeton, Andreessen Horowitz, BlackRock, BAM Elevate, Venrock, and Fidelity.
Keep reading to explore Astranis's complete fundraising journey.
What Is Astranis?
Astranis is a San Francisco-based space technology company founded in 2015 that designs and manufactures small, low-cost geostationary (GEO) communications satellites. Its MicroGEO satellites provide dedicated broadband connectivity to underserved regions globally. Astranis participated in Y Combinator's Winter 2016 cohort and is led by co-founder and CEO John Gedmark.
How Much Funding Has Astranis Raised?
- Pre-Seed / Seed (Y Combinator)
- Amount Raised: USD 120,000
- Date: January 2016
- Lead Investors: Y Combinator
- Seed
- Amount Raised: Undisclosed
- Date: April 2016
- Lead Investors: Refactor Capital
- Series A
- Amount Raised: USD 13,500,000
- Date: March 1, 2018
- Lead Investors: Andreessen Horowitz
- Participants: Y Combinator, Fifty Years, Refactor Capital, Indicator Fund
- Series B (Equity)
- Amount Raised: USD 40,000,000
- Date: February 13, 2020
- Lead Investors: Venrock
- Participants: Andreessen Horowitz, Y Combinator, Fifty Years, Refactor Capital
- Debt Financing (Series B)
- Amount Raised: USD 50,000,000
- Date: February 13, 2020
- Lead Investors: TriplePoint Capital
- Series C
- Amount Raised: USD 250,000,000
- Date: April 14, 2021
- Lead Investors: BlackRock
- Participants: Baillie Gifford, Fidelity, Koch Strategic Platforms, Monashee Investment Management, Uncorrelated Ventures, Andreessen Horowitz, Venrock, and more than a dozen existing investors
- Valuation: USD 1.4 billion (post-money)
- Equity + Debt Round
- Amount Raised: USD 200,000,000 (combined equity and debt)
- Date: April 2023
- Lead Investors: Andreessen Horowitz (a16z Growth Fund)
- Valuation: USD 1.6 billion (post-money)
- Series D
- Amount Raised: USD 200,000,000
- Date: July 24, 2024
- Lead Investors: Andreessen Horowitz (a16z Growth Fund), BAM Elevate (co-lead)
- Participants: BlackRock, Fidelity, Baillie Gifford, Y Combinator, Haystack, Metaplanet, Garage Capital, SV Angel, Refactor Capital, Trinity Capital, Jeff Dean
- Valuation: USD 1.6 billion (post-money)
- Series E
- Amount Raised: USD 300,000,000
- Date: May 6, 2026
- Lead Investors: Snowpoint Ventures, Franklin Templeton (co-lead)
- Participants: Andreessen Horowitz, BlackRock, Baillie Gifford, Fidelity Management & Research Company, BAM Elevate, Nimble Partners, Friends & Family Capital
- Valuation: Not publicly disclosed
- Debt Financing (Delayed-Draw Credit Facility)
- Amount Raised: Up to USD 155,000,000, not immediately fully drawn
- Date: May 6, 2026
- Lead Investors: Trinity Capital
Total Amount Raised: At least USD 1.05 billion based on disclosed equity and debt rounds, rising to more than USD 1.2 billion including the up to USD 155 million credit facility, the figure Astranis stated on May 6, 2026. As of September 2026, the company's latest disclosed round is its May 2026 Series E.
Key Investors
- Andreessen Horowitz (a16z)
- Details: Lead investor in the Series A (2018), co-lead in the April 2023 equity and debt round, co-lead in the Series D (2024), and participant in the Series E (2026). Notable as a16z's first-ever space industry investment.
- Snowpoint Ventures
- Details: Co-lead investor in the USD 300 million Series E announced on May 6, 2026.
- Franklin Templeton
- Details: Co-lead investor in the USD 300 million Series E announced on May 6, 2026.
- Trinity Capital
- Details: Participant in the Series D (2024) and provider of the delayed-draw credit facility of up to USD 155 million announced in May 2026.
- BAM Elevate
- Details: Co-lead investor in the Series D (2024) and participant in the Series E (2026). A growth-stage investor backed by Balyasny Asset Management.
- BlackRock
- Details: Lead investor in the Series C (2021) and participant in the Series D (2024) and Series E (2026). One of the world's largest asset managers backing Astranis's long-term satellite strategy.
- Venrock
- Details: Lead investor in the Series B equity round (2020), with Ethan Batraski joining the Astranis board.
- TriplePoint Capital
- Details: Provided a USD 50 million debt facility as part of the February 2020 financing.
- Fidelity & Baillie Gifford
- Details: Both participated in the 2021 Series C, the 2024 Series D, and the 2026 Series E, reflecting sustained institutional confidence in Astranis.
- Y Combinator
- Details: Early backer since the 2016 seed stage (Winter 2016 cohort) and continued participant through Series D.
What's Next for Astranis?
Astranis added $450 million on May 6, 2026, combining a $300 million Series E co-led by Snowpoint Ventures and Franklin Templeton with a Trinity Capital credit facility of up to $155 million, capital the company raised to meet surging demand for advanced high-orbit spacecraft. That brings total funding to more than $1.2 billion. Astranis continues to build its MicroGEO satellites and its larger Omega spacecraft for commercial and defense customers seeking dedicated broadband capacity from geostationary orbit.
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