{"id":60373,"date":"2020-02-13T21:10:06","date_gmt":"2020-02-13T13:10:06","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/microsatellite-startup-astranis-raises-90m-led-by-venrock\/"},"modified":"2020-02-13T21:10:06","modified_gmt":"2020-02-13T13:10:06","slug":"microsatellite-startup-astranis-raises-90m-led-by-venrock","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/microsatellite-startup-astranis-raises-90m-led-by-venrock\/","title":{"rendered":"Microsatellite Startup Astranis Raises $90M, led by Venrock"},"content":{"rendered":"<\/p>\n<p><strong>Astranis<\/strong> has finished a $90 million financing round led by <strong>Venrock<\/strong>, with significant participation from existing investor <strong>Andreessen Horowitz<\/strong>. The company said it is building the first of its kind micro-geostationary orbit (GEO) satellite, and this funding round will launch its first commercial satellite. The company, which was founded in 2015, plans to use its satellites to provide low-cost, reliable internet.&nbsp;<\/p>\n<p>The Series B round included $40 million of equity financing led by Venrock with continued investment from Andreessen Horowitz, along with participation from existing investors <strong>Fifty Years<\/strong>, <strong>Refactor Capital<\/strong>, and <strong>Y Combinator<\/strong>, among other funds and angel investors. Astranis said the recent fundraising also includes a debt facility of up to $50 million from <strong>TriplePoint Capital<\/strong>. Venrock partner Ethan Batraski and Dan Berkenstock, founding CEO of <strong>Skybox<\/strong>, joined the Astranis Board of Directors during this financing round. The company reports it has raised more than $108 million in financing in total.&nbsp;<\/p>\n<p>\u201cGlobal connectivity is an industry prime for disruption,\u201d Batraski said. \u201cAstranis\u2019s team and microsatellite technology put them in a strong position to fulfill the needs of the new market, which is vastly different than the market of 20 or 30 years ago.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Astranis has finished a $90 million financing round led by Venrock, with significant participation from existing investor Andreessen Horowitz. The company said it is building the first of its kind micro-geostationary orbit (GEO) satellite, and this funding round will launch its first commercial satellite. The company, which was founded in 2015, plans to use its [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":60374,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-60373","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/60373"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=60373"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/60373\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media\/60374"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=60373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=60373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=60373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}