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Total amount raised
$926 Million
Latest funding date
2026-07-30
Location
K2 Space has raised funding across multiple rounds, with the latest being a $500 million Series D announced on July 30, 2026 at a $6.8 billion post-money valuation, co-led by Kleiner Perkins and ICONIQ, with CapitalG, Lightspeed Venture Partners, Altimeter Capital, Spark Capital, Sands Capital, ARK Invest, and T. Rowe Price Associates participating. The company specializes in developing large, high-power satellite platforms using a vertically integrated manufacturing process.
Keep reading to explore the intricacies of K2 Space's fundraising journey and the investors backing this innovative platform.
K2 Space has raised funding across multiple rounds, with the latest being a $500 million Series D announced on July 30, 2026 at a $6.8 billion post-money valuation, co-led by Kleiner Perkins and ICONIQ, with CapitalG, Lightspeed Venture Partners, Altimeter Capital, Spark Capital, Sands Capital, ARK Invest, and T. Rowe Price Associates participating. The company specializes in developing large, high-power satellite platforms using a vertically integrated manufacturing process.
Keep reading to explore the intricacies of K2 Space's fundraising journey and the investors backing this innovative platform.
What Is K2 Space?
K2 Space, based in Torrance, California, specializes in developing high-power satellite platforms for orbital missions. The company operates within the aerospace, machinery manufacturing, manufacturing, and space travel industries.
Founded with a vision to revolutionize satellite technology, K2 Space employs a vertically integrated manufacturing process to enhance reliability and innovation. The company has a workforce of around 300 employees, focusing on building larger satellites to deliver more power and resilience at a lower cost.
How Much Funding Has K2 Space Raised?
- Series D
- Amount Raised: USD 500,000,000
- Date: July 30, 2026
- Lead Investors: Kleiner Perkins, ICONIQ (co-led)
- Participating Investors: CapitalG, Lightspeed Venture Partners, Altimeter Capital, Spark Capital, Sands Capital, ARK Invest, T. Rowe Price Associates
- Valuation at Round: $6.8 billion post-money
- Motivation Behind the Round: To scale production of large, high-power satellites.
- Series C
- Amount Raised: USD 250,000,000
- Date: December 11, 2025
- Lead Investors: Redpoint Ventures (Elliot Geidt, Partner)
- Participating Investors: T. Rowe Price Associates, Hedosophia, Altimeter Capital, Lightspeed Venture Partners, Alpine Space Ventures
- Valuation at Round: $3 billion
- Motivation Behind the Round: To roll out a new class of high-capability satellites and scale Mega Class satellite manufacturing, following over $500M in signed commercial and government contracts.
- Series B
- Amount Raised: USD 110,000,000
- Date: February 13, 2025
- Lead Investors: Lightspeed Venture Partners, Altimeter Capital (co-led)
- Participating Investors: Alpine Space Ventures, First Round Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale production, hire talent, and bring additional components in-house.
- Series A
- Amount Raised: USD 50,000,000
- Date: February 13, 2024
- Lead Investors: Altimeter Capital
- Participating Investors: Alpine Space Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance the company's capabilities and support its upcoming mission.
- Seed Round
- Amount Raised: USD 7,000,000
- Date: October 2023
- Lead Investors: Alpine Space Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support continued early-stage development and manufacturing processes.
- Seed Round
- Amount Raised: USD 8,500,000
- Date: March 2023
- Lead Investors: First Round Capital, Republic Capital (co-led)
- Participating Investors: Countdown Capital, Boost VC, Also Capital, Side Door Ventures, Earthrise Ventures, Spacecadet VC, Pathbreaker Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund initial research and development efforts.
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: 2022
- Lead Investors: First Round Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and early-stage projects.
Total Amount Raised: At least USD 925,500,000 based on disclosed funding (Series D: $500M + Series C: $250M + Series B: $110M + Series A: $50M + Seed Oct 2023: $7M + Seed Mar 2023: $8.5M; Pre-Seed 2022 amount undisclosed). K2 Space states that its cumulative funding now exceeds $1 billion following the Series D. As of September 2026, the company's latest disclosed round is its July 2026 Series D.
Current Valuation: $6.8 billion (as of the July 2026 Series D)
Key Investors
- Kleiner Perkins
- Details: Kleiner Perkins is a venture capital firm that invests across early and growth stages. They co-led K2 Space's $500M Series D at a $6.8 billion valuation.
- Investment Focus Areas: Technology, software, enterprise, hard tech.
- Notable Investments: Amazon, Google, Figma.
- ICONIQ
- Details: ICONIQ is an investment firm that backs growth-stage technology companies. They co-led K2 Space's $500M Series D alongside Kleiner Perkins.
- Investment Focus Areas: Growth-stage technology, software, enterprise.
- Notable Investments: Datadog, Snowflake, Braze.
- Redpoint Ventures
- Details: Redpoint is a venture capital firm that invests in seed, early, and growth-stage companies. They led K2 Space's $250M Series C. They have a strong track record in supporting technology startups.
- Investment Focus Areas: Technology, software, internet.
- Notable Investments: Netflix, Stripe, Twilio.
- Altimeter Capital
- Details: Altimeter Capital is a technology-focused investment firm that manages both public and private equity funds. They led K2 Space's Series A, co-led the Series B, and participated in the Series C and Series D.
- Investment Focus Areas: Technology, software, internet.
- Notable Investments: Snowflake, Roblox, Unity.
- Lightspeed Venture Partners
- Details: Lightspeed Venture Partners is a multi-stage venture capital firm focused on accelerating disruptive innovations and trends in the enterprise and consumer sectors. They co-led K2 Space's Series B and participated in the Series C and Series D.
- Investment Focus Areas: Technology, enterprise, consumer.
- Notable Investments: Snapchat, Nest, GrubHub.
- Alpine Space Ventures
- Details: Alpine Space Ventures is an investment firm specializing in space technology and related sectors. They led K2 Space's October 2023 Seed round and participated in the Series A, Series B, and Series C.
- Investment Focus Areas: Space technology, aerospace, satellite communications.
- Notable Investments: Not publicly disclosed.
- First Round Capital
- Details: First Round Capital is a seed-stage venture firm that focuses on building a community of entrepreneurs and providing them with the resources they need to succeed. They led K2 Space's 2022 Pre-Seed round and co-led the March 2023 Seed round.
- Investment Focus Areas: Early-stage technology companies, consumer internet, enterprise software.
- Notable Investments: Uber, Square, Warby Parker.
What's Next for K2 Space?
With the $500 million Series D closed on July 30, 2026 at a $6.8 billion post-money valuation, K2 Space says the capital will go toward scaling production of its large, high-power satellites. The company's 180,000 sq ft facility is built to produce up to 100 Mega Class satellites annually, supporting demand for affordable, high-capacity satellite buses in medium-earth orbit.
The Series D brings K2 Space's cumulative funding above $1 billion, following more than $500 million in signed commercial and government contracts disclosed at the time of the December 2025 Series C. Kleiner Perkins and ICONIQ co-led the round, with CapitalG, Lightspeed Venture Partners, Altimeter Capital, Spark Capital, Sands Capital, ARK Invest, and T. Rowe Price Associates participating. Execution risks remain, including proving the reliability of its electric propulsion system and operating in MEO's high radiation environment.
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