Starcloud Raises $170M In Series A Funding Led By Benchmark And EQT Ventures

Starcloud, a space-infrastructure startup based in Redmond, WA, raised $170 million in a Series A funding round at a valuation of $1.1 billion. This funding round was led by Benchmark and EQT Ventures. The transaction included contributions from Macquarie Capital, NFX, Nebular, Y Combinator, Adjacent, 776 Ventures, Fuse Ventures, Manhattan West, and Monolith Power Systems, along with angel investors such as Gen. Stephen Wilson, Dennis Muilenburg, and Kevin Johnson.

Summary of transaction details:

• Deal Type: Series A
• Transaction Amount: $170,000,000
• Valuation: $1,100,000,000
• Headquarters: Redmond, Washington
• Founders: Philip Johnston, Ezra Feilden, Adi Oltean
• Notable Investors: Benchmark, EQT Ventures, Macquarie Capital, NFX, Nebular, Y Combinator, Adjacent, 776 Ventures, Fuse Ventures, Manhattan West, Monolith Power Systems, Gen. Stephen Wilson, Dennis Muilenburg, Kevin Johnson

Starcloud, led by CEO Philip Johnston, plans to utilize the funds to advance the development of its Starcloud-3 satellites, create a dedicated manufacturing facility, expand its workforce, and secure future launch contracts. Chetan Puttagunta from Benchmark will join Starcloud's board as a part of this financing round.