May Fundraising & Financing Activity
May 6 – Geostationary satellite manufacturer and operator Astranis Space Technologies Corp. announced approximately $450m in new funding through a $300m Series E funding round led by Snowpoint Ventures Management LLC and Franklin Resources, Inc., with participation from AH Capital Management LLC and others, and a $155m debt facility from Trinity Capital Inc.
May 7 – Indian launch start-up Skyroot Aerospace Pvt. Ltd. announced that it raised $60m in an investment round led by Sherpalo Ventures, LLC and Singaporean sovereign wealth fund GIC Pvt. Ltd., with participation from Arkam Ventures, funds managed by BlackRock Inc. and others.
May 11 – Cowboy Space Corporation (formerly known as Aetherflux Inc.) raised $275m in Series B funding led by Index Ventures (UK) LLP, with participation from AH Capital Management LLC, Breakthrough Energy LLC and others.
