K2 Space Raises $110M in Series B Funding
Summary
The round was co-led by Lightspeed Venture Partners and Altimeter Capital, with participation from existing investors Alpine Space Ventures, First Round Capital, and others. The company intends to use the funds to scale production, hire talent, and bring additional components in-house. Led by CEO Karan Kunjur, K2 Space provides a satellite bus platform that delivers the capability of exquisite satellites at the price point and speed of small satellites. It recently announced a government contract for its first mission, “Gravitas”, which is designed to both demonstrate the platform’s ability to operate in the high radiation environment of medium-earth orbit (MEO), and perform the first of its kind low earth orbit (LEO) to MEO electric propulsion orbit raise. The Gravitas mission will carry a mix of National Security and commercial payloads, demonstrating the ability to execute against critical mission areas while enabling a wide variety of space applications.