August 28, 2015
Since 2014, space startups have raised more than $1.8 billion – with $1.76 billion of that raised in just the first half of 2015 (all thanks to mega-rounds raised by SpaceX and OneWeb). This according to a recently released Frontier Tech Report by CB Insights. The report looks at the funding trends in frontier tech – from space and drones to augmented reality and virtual reality – and pinpoints the top startups getting funding and the most active venture firms investing in these technologies. As part of the report, they looked at the top venture-backed space startups that are leading humanity’s efforts into the final frontier.The overall space exploration and technology market is huge – estimated to be worth a whopping $314 billion. Of those companies funded by venture capital, a majority work primarily on space services or rocket technology (46 percent of all space startups), followed by satellite operations and technology (35 percent). Companies like SpaceX, for instance, have managed to gain major funding for their various efforts into rocket technology. Indeed, one of the most notable funding rounds in the industry to-date was SpaceX’s $1 billion raise this past January raised from the likes of Google and Fidelity. According to the CB Insights report, the most active VCs in space technology are Lux Capital, RRE Ventures, and Bessemer Venture Partners. These are closely followed by Khosla Ventures, Promus Ventures, and Founders Fund (one of the participants in that SpaceX round). The report also noted the top venture-backed space startups, which you can find below:
Total Funding: $1.19 billion
Designs, manufactures, and launches advanced rockets and spacecrafts.
Total Funding: $500 million
Plans to put more than 600 satellites in space to enable global internet access.
Total Funding: $196.1 million
Collects/analyzes data about the earth via agile satellite constellation development.
Total Funding: $82 million
Develops a new form of satellite antenna to connect mobile networks and communicate satellites.
Total Funding: $69.4 million
Collects/analyzes data via satellite constellations related to global trade, weather, and more.
Total Funding: $60.6 million
Map data, design, and publishing platform.
To learn more insights about the state of space startup funding, read the Frontier Tech Report from CB Insights.
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