Total amount raised
$239 Millions
Latest funding date
01/01/2023
Location
Capella Space has successfully raised significant funding through multiple rounds, with notable investors such as the US Innovative Technology Fund and NightDragon. The company specializes in providing on-demand 24/7 synthetic aperture radar (SAR) data for both government and commercial customers.
Keep reading to explore the intricacies of Capella Space's fundraising journey and the investors backing this innovative platform.
What Is Capella Space?
Capella Space, founded in 2016, is headquartered in San Francisco, California. The company was established by Payam Banazadeh, Uri Tintore, and Will Woods.
Specializing in synthetic aperture radar (SAR) data, Capella Space provides high-resolution Earth observation imagery through a constellation of small satellites. Their services cater to both government and commercial customers, offering timely and flexible information.
With a workforce of 101-250 employees, Capella Space aims to make Earth observation an essential tool for various industries, enhancing commerce, conservation, and overall well-being.
How Much Funding Has Capella Space Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: October 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company and begin initial development of SAR technology.
- Convertible Note
- Amount Raised: Not publicly disclosed
- Date: September 2016
- Lead Investors: PearX
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure early-stage funding for operational costs and technology development.
- Series A
- Amount Raised: $14.9M
- Date: May 2017
- Lead Investors: Spark Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate the development of SAR satellites.
- Series B
- Amount Raised: $19M
- Date: September 2018
- Lead Investors: DCVC, Spark Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale up satellite production and enhance SAR technology.
- Series B
- Amount Raised: $3M
- Date: November 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling operations and technology improvements.
- Series B
- Amount Raised: $13.7M
- Date: April 2019
- Lead Investors: Cota Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand satellite capabilities and market reach.
- Venture Round
- Amount Raised: $2M
- Date: November 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operational and technological advancements.
- Series B
- Amount Raised: $29.4M
- Date: December 2019
- Lead Investors: DCVC
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance satellite constellation and improve SAR data services.
- Series C
- Amount Raised: $97M
- Date: April 2022
- Lead Investors: NightDragon
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and development efforts.
- Venture Round
- Amount Raised: $60M
- Date: January 2023
- Lead Investors: US Innovative Technology Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate the deployment of SAR satellites and meet growing demand.
Total Amount Raised: $239M. Current Valuation: Not publicly disclosed.
Key Investors
- US Innovative Technology Fund
- Details: Established by Thomas Tull, a billionaire former entertainment industry executive, to invest in technologies critical for the country’s competitiveness. This fund focuses on dual-use technologies that are important for national security and have commercial applicability.
- Investment Focus Areas: National security, commercial applicability, innovative technologies.
- Notable Investments: Capella Space.
- NightDragon
- Details: NightDragon is a venture capital firm founded by Dave DeWalt, focusing on cybersecurity, safety, security, and privacy industries. The firm aims to support companies that address critical security challenges.
- Investment Focus Areas: Cybersecurity, safety, security, privacy.
- Notable Investments: Armis, Claroty, FireEye.
- DCVC
- Details: DCVC (Data Collective) is a venture capital firm that invests in deep tech companies using data science and engineering to solve complex problems. The firm has a strong focus on companies that leverage data to create transformative technologies.
- Investment Focus Areas: Deep tech, data science, engineering.
- Notable Investments: Planet, Zymergen, Rocket Lab.
- Cota Capital
- Details: Cota Capital is a multi-stage investment firm that focuses on technology-driven companies. The firm aims to support companies through their growth stages with a combination of capital and strategic guidance.
- Investment Focus Areas: Technology, growth-stage companies, strategic guidance.
- Notable Investments: Snowflake, Palantir, Databricks.
- Spark Capital
- Details: Spark Capital is a venture capital firm that invests in startups across various stages, from seed to growth. The firm focuses on companies that are transforming industries through innovative technologies.
- Investment Focus Areas: Startups, innovative technologies, industry transformation.
- Notable Investments: Twitter, Oculus, Slack.
What's Next for Capella Space?
Capella Space is poised to seize significant opportunities by expanding its satellite imaging capacity and developing new data products. With $60 million in growth equity financing, the company plans to launch next-generation Acadia satellites, enhancing image resolution and delivery speed. This expansion is crucial as the demand for high-quality SAR imagery continues to rise, driven by applications in defense, intelligence, and environmental monitoring.
Future fundraising efforts are likely, given the company's rapid growth and market potential. Capella Space's recent addition of key executives focused on financial and operational growth suggests a strategic approach to securing further investments. These funds will support the scaling of operations and technological advancements, ensuring the company remains competitive.
However, Capella Space faces challenges, including competition from other satellite imagery providers and the complexities of scaling operations. Ensuring data security and navigating regulatory landscapes will also be critical as the company continues to grow. Despite these hurdles, Capella Space's innovative technology and strategic planning position it well for future success.
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 Capella Space and gather other critical business insights. Sign up for free and start making data-driven decisions today.
