Loft Orbital lands a fresh $170 million after logging over $500 million of bookings

Quick Summary:

According to PitchBook, its post-money valuation at the time of its last raise in 2021 – a $130 million Series B round – was $550 million.

In an industry known for its capital intensity, we are proud of our capital efficiency,” he added.“Right now we’re really focused on profitability and getting the business to sustainability.

Bpifrance, Foundation Capital, Temasek, and Uncork Capital also participated, which brings the company’s total raised over its lifetime to $330 million.

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Article Details

Author / Journalist: Mary Ann Azevedo

Category: Technology

Markets: United StatesFrance

Topics: Fundraising Loft orbital Satellite Space tech Space

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-15 @ 20:17:58 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 568 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © TechCrunch

News ID: 25182267

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