How Much Did LeoLabs Raise? Funding & Key Investors

LeoLabs has successfully raised funding over seven rounds, with the latest round being a Venture - Series Unknown. The company is backed by 19 investors, including recent contributions from GP Bullhound and AngelList.

Keep reading to explore the intricacies of LeoLabs' fundraising journey and the investors backing this innovative platform.

What Is LeoLabs?

LeoLabs, founded in Menlo Park, California, is an aerospace company specializing in low Earth orbit mapping and space situational awareness services. The company operates within the aerospace, database, mapping services, and software industries.

With an employee count ranging from 101 to 250, LeoLabs leverages advanced technology, including multi-mission radars and an AI-enabled platform, to provide real-time data and actionable intelligence. Their mission is to safeguard life on Earth by monitoring space activity and offering services in space domain awareness, space traffic management, and launch operations.

How Much Funding Has LeoLabs Raised?

1. Series Unknown
   • Amount Raised: USD 29,000,000
   • Date: February 2024
   • Lead Investors: GP Bullhound
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale up AI-powered insights for space operations, enhance data architecture, and expand global operations.
2. Series B
   • Amount Raised: USD 65,000,000
   • Date: June 2021
   • Lead Investors: Insight Partners, Velvet Sea Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand capabilities in low Earth orbit mapping and space situational awareness services.
3. Series A
   • Amount Raised: Not publicly disclosed
   • Date: February 2020
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale operations and technology development.
4. Series A
   • Amount Raised: Not publicly disclosed
   • Date: December 2018
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To enhance space domain awareness services.
5. Series A
   • Amount Raised: USD 13,000,000
   • Date: July 2018
   • Lead Investors: Airbus Ventures, WERU Investment
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To develop multi-mission radars and AI-enabled platforms.
6. Seed
   • Amount Raised: USD 4,000,000
   • Date: February 2017
   • Lead Investors: Horizons Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To establish initial radar network and data processing capabilities.
7. Seed
   • Amount Raised: Not publicly disclosed
   • Date: January 2016
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To launch the company and develop core technologies.

Total Amount Raised: USD 111,000,000. Current Valuation: Not publicly disclosed.

Key Investors

• GP Bullhound
  • Details: GP Bullhound is a leading technology advisory and investment firm. They focus on companies that address complex data and environmental challenges.
  • Investment Focus Areas: Technology, digital services, innovation, ESG themes.
  • Notable Investments: Ecovadis, LeoLabs.
• Insight Partners
  • Details: Insight Partners is a global private equity and venture capital firm. They invest in growth-stage technology and software companies.
  • Investment Focus Areas: Technology, software, growth-stage companies.
  • Notable Investments: Not publicly disclosed.
• Velvet Sea Ventures
  • Details: Velvet Sea Ventures is a venture capital firm that invests in early-stage technology companies. They have been consistent supporters of LeoLabs.
  • Investment Focus Areas: Technology, media, early-stage companies.
  • Notable Investments: Not publicly disclosed.
• Space Capital
  • Details: Space Capital is a venture capital firm investing in the space economy. They focus on companies that are innovating in space-related technologies.
  • Investment Focus Areas: Space technology, space economy.
  • Notable Investments: Not publicly disclosed.
• AngelList Syndicate led by Dylan Taylor
  • Details: This syndicate is led by Dylan Taylor, a notable investor in the space sector. They have been strong supporters of LeoLabs.
  • Investment Focus Areas: Space, technology.
  • Notable Investments: Not publicly disclosed.

What's Next for LeoLabs?

LeoLabs stands at the cusp of significant opportunities, driven by the increasing number of satellites in low Earth orbit. The company is poised to scale its AI-powered insights, enhancing end-user applications and expanding global operations. This growth is bolstered by strong investor interest, as evidenced by their recent oversubscribed funding round.

Future fundraising opportunities appear promising, with LeoLabs' ongoing market growth and key engagements with commercial operators and governments. The company’s focus on integrating space domain expertise into defense command operations and developing next-generation space traffic coordination further solidifies its market position.

However, challenges loom on the horizon. Managing the rapid increase in space debris and ensuring the reliability of real-time data are critical hurdles. Additionally, integrating advanced technologies while maintaining a competitive edge will require continuous innovation and strategic partnerships.

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