True Anomaly Secures $260 Million in Oversubscribed Series C Round
Deal News | Apr 30, 2025 | Goodwin
True Anomaly, a company at the forefront of space security, has successfully raised $260 million in an oversubscribed Series C financing round. The round was led by Accel, with significant participation from Meritech Capital and a consortium of existing investors such as Eclipse, Riot Ventures, Menlo Ventures, 645 Ventures, ACME Capital, Space VC, Champion Hill Ventures, and Narya. Additionally, debt capital was provided by Stifel Bank. This infusion of funds will enable True Anomaly to accelerate its next growth phase, involving vertical integration, facility expansion, and product development and implementation. True Anomaly, established in 2022 and headquartered in Centennial, Colorado, is committed to advancing space security and resilience by designing and deploying innovative solutions at the intersection of spacecraft, software, and autonomy. The legal team from Goodwin, led by David Pendergast and Liza Craig, with Andrew Cheng handling the debt deal, provided advisory services for this financing round.
Sectors
- Aerospace and Defense
- Venture Capital
- Technology
Geography
- United States – True Anomaly is based in Centennial, Colorado, with additional teams in Washington D.C. and Long Beach, CA, suggesting significant operations and interests within the United States.
Industry
- Aerospace and Defense – True Anomaly is involved in securing space and developing related technologies, positioning itself in the aerospace and defense industry.
- Venture Capital – The article focuses on a Series C financing round led by venture capital firms, a significant activity in the venture capital industry.
- Technology – The development of software and autonomous systems by True Anomaly places it squarely in the technology sector.
Financials
- $260 Million – The total amount raised by True Anomaly in its oversubscribed Series C financing round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| True Anomaly | Target Company | Company | A company focusing on developing technologies for space security and resilience, founded in 2022. |
| Accel | Lead Investor | Company | A leading venture capital firm that led the Series C financing round for True Anomaly. |
| Goodwin | Legal Advisor | Company | The legal advisory firm that provided guidance for True Anomaly's financing round. |
| Stifel Bank | Debt Provider | Company | Provided debt capital as part of True Anomaly's Series C funding round. |
| Meritech Capital | Investor | Company | Participated as an investor in True Anomaly's Series C round. |
| Eclipse | Existing Investor | Company | One of the existing investors participating in the Series C round. |
| Riot Ventures | Existing Investor | Company | One of the existing investors participating in the Series C round. |
| Menlo Ventures | Existing Investor | Company | One of the existing investors participating in the Series C round. |
| 645 Ventures | Existing Investor | Company | One of the existing investors participating in the Series C round. |
| ACME Capital | Existing Investor | Company | One of the existing investors participating in the Series C round. |
| Space VC | Existing Investor | Company | One of the existing investors participating in the Series C round. |
| Champion Hill Ventures | Existing Investor | Company | One of the existing investors participating in the Series C round. |
| Narya | Existing Investor | Company | One of the existing investors participating in the Series C round. |
| David Pendergast | Legal Advisor | Person | Leading lawyer from Goodwin's team advising on the financing round. |
| Liza Craig | Legal Advisor | Person | Leading lawyer from Goodwin's team advising on the financing round. |
| Andrew Cheng | Debt Deal Leader | Person | Led the debt deal for True Anomaly's Series C financing. |