Loft Orbital lands a fresh $170M after logging over $500M of bookings

Here’s a structured summary based on the information provided about Loft Orbital:

Company Overview

• Startup: Loft Orbital
• Founded: January 2017

Funding Information

• Latest Fundraise:
  • Series: C
  • Amount Raised: $170 million
  • Date: [Not specified, but Series C is the latest funding round]
• Total Raised: $330 million
• Previous Fundraise:
  • Series: B
  • Amount: $130 million
  • Date: 2021

Investors

• Co-Leads:
  • Tikehau Capital
  • Axial Partners
• Other Investors:
  • Bpifrance
  • Foundation Capital
  • Temasek
  • Uncork Capital

Founders and Key Team Members

• Co-Founder: Alex Greenberg (Co-Founder and COO)

Business Highlights

• Valuation:
  • Post-money valuation at the last raise in 2021: $550 million
• Key Achievements:
  • Sold over 30 satellites.
  • Customers include NASA, Microsoft, Anduril, and BAE Systems.
  • Successfully deployed over 25 customer missions.

Future Plans

• Plans to scale annual satellite launches to over 10.
• Expansion of virtual missions and AI business.

This summary captures the key details about Loft Orbital, including its funding, investors, founders, and operational goals.

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2025-01-15 20:17:58