Tuesday, March 21, 2017

Rocket Lab Receives $75M, Joins Unicorn Club

Huntington Beach-based RocketLab, which is developing rocket technology specifically aimed at launching satellites into space, has raised $75M in a Series D funding, which it says values the company in excess of $1 billion. The funding was led by Data Collective, and also included Promus Ventures, Bessemer Venture Partners, Khosla Ventures, K1W1, and another un-named investor. The company says it has now raised $148M in total. Rocket Lab is led by Peter Beck, and also has major operations in New Zealand. Matt Ocko of Data Collective joins the company's board alongside the new funding round. More information »

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