Andreessen Horowitz Leads Fundraising for Satellite Startup Astranis
The business has raised $200 million in equity and debt as it plans its first-ever launch for April 18.
John Gedmark, chief executive officer of Astranis Space Technologies Corp., during a Bloomberg Technology television interview in San Francisco.
Photographer: David Paul Morris/BloombergAstranis Space Technologies Corp. has raised $200 million to build more satellites, according to a person familiar with the matter. At the same time, the company is preparing for its first-ever launch next week — the culmination of years of research and manufacturing.
The financing deal was led by the growth fund of Andreessen Horowitz, and included a combination of equity and debt. The person declined to say how much of the transaction was debt. The funding valued the company at $1.6 billion, the person said. Astranis declined to comment for this story.