The Ukrainian-American company Firefly Aerospace has successfully completed the first round of venture funding and raised about $200 million. The total value of the company exceeded $1 billion, and it reached this amount even before the investment.
According to the Firefly press release, the first round was overseen by DADA Holdings, with the participation of Astera Institute, Canon Ball LLC, Reuben Brothers Limited, SMS Capital Investment LLC, Raven One Ventures, The XBTO Group and other investors.
In particular, the representative of the Astera Institute, Jed McCaleb, joined the company’s board of directors.
The company also noted that the interest in investment round A had significantly exceeded the initially planned $75 million. At the same time, in order to satisfy the demand, the main investor of Firefly, Max Polyakov’s Noosphere Ventures, had to sell part of the shares worth more than $100 million to some of the participants in this round and other shareholders.
After the first launch of the Alpha launch vehicle, Firefly plans to raise an additional $300 million in investment by the end of 2021.
Context. In December 2020, Firefly Black belonging to Ukrainian businessman Maxim Polyakov signed a contract with NASA to launch small satellites into space in the amount of $9.8 million.