Rocket Lab, a Los Angeles and New Zealand-based space company, yesterday announced a $75 million (USD) Series D financing round. Promus Ventures invested in the round, which was led by Data Collective, with additional investment from an undisclosed investor. Existing investors Bessemer Venture Partners, Khosla Ventures and K1W1 also participated.
Total funding into Rocket Lab now totals $148 million. Rocket Lab additionally has opened its new headquarters in Huntington Beach, CA with a 150,000-square foot facility where it will expand its engineering and business units. The company also will expand its facilities in Auckland, New Zealand, which supports its Launch Complex 1 (the world’s first private, orbital launch site) on New Zealand’s Mahia Peninsula.
Rocket Lab’s mission is to provide high frequency satellite launch opportunities focused on the small satellite market. Launch has been the prime barrier to market entry for the satellite industry, and we believe Rocket Lab will successfully fill this void with its carbon-composite Electron launch vehicle and 3D-printed Rutherford engines. Announced customers include Spire (Promus Ventures-backed), Planet, NASA and others.