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- Hubble Network
Hubble Network Funding, Investors & Competitors
Hubble Network has raised $121M across 4 funding rounds, most recently a $30M undisclosed-stage round in August 2026.
Last Hubble Network funding round
$30M
Undisclosed stage · Aug 2026
Cumulative funding Hubble Network raised
$121M
across 4 funding rounds
Key investors in Hubble Network
Y Combinator
Pioneer Fund
Transpose Platform Management
Carthona Capital
Seraphim Space IT
Seven Peaks Ventures
Infinite Capital
Yes VC
About Hubble Network
Hubble Network is a cellular IoT platform using standard Bluetooth chips for global device connectivity and tracking. It operates a terrestrial network covering urban, indoor, and transit areas through partnerships with millions of smartphones as access points. Boston-based and founded in 2021, it extends to satellite coverage for remote logistics, cold chain, and equipment monitoring with AES-256 encryption and SDKs for AWS and Azure.
Founded
2021
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Usage-based
Hubble Network Funding History
Hubble Network has raised a total of $121M across 4 funding rounds.
Hubble Network's first fundraising round was a $500K seed round in May 2022. The most recent completed round was a $30M undisclosed-stage round in August 2026.
Hubble Network funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Aug 2026 | Undisclosed stage | Seraphim Space IT (lead) | $30M | Seraphim Space Investment Trust invested $30 million in Hubble Network on August 18, 2026 as a follow-on deployment from its £137 million C share issue. The transaction was described as the first new portfolio-company addition funded by those proceeds, and Seraphim noted that Hubble was already an existing portfolio company of Seraphim Space Venture Fund II. The investment added to Hubble’s prior fundraising momentum and supported the company’s push to build a satellite-powered Bluetooth network for IoT connectivity. Seraphim said the Hubble investment brought total deployment from the C-share proceeds above £40 million, crossing the threshold for partial conversion of the C shares into ordinary shares. Hubble had previously raised more than $100 million in total funding, including a $70 million Series B led by Swagar Capital in September 2025, with backers including Y Combinator, Ryan Swagar, Tom Gonser, and Mike Farley. Hubble Network develops space-based Bluetooth connectivity and had already reached operational traction with 7 satellites in orbit at the time of the Series B announcement. The company’s stated objective is to expand enterprise IoT connectivity through a global satellite network. |
| Sep 2025 | Series B | Ryan Swagar (lead); Marc Weiser; Y Combinator; Seven Peaks Ventures; Tuff Yen; Mike Farley; Infinite Capital | $70M | Hubble Network is a Seattle-based startup founded in 2021 that builds a satellite-powered Bluetooth network enabling low-power, global IoT connectivity for billions of devices without specialized hardware, using Bluetooth Low Energy (BLE) signals detected by phased-array antennas on its satellites. The company has launched seven operational satellites as of 2025 and plans to expand to 60 by 2028, partnering with Muon Space for larger spacecraft and estimating full constellation costs at about $100M to build, launch, and operate. On September 17, 2025, Hubble Network raised $70M in a Series B funding round led by Ryan Swagar of Swagar Capital, bringing total funding to $100M. Participants included Infinite Capital (via Transpose Platform), Marc Weiser (RPM Ventures), Mike Farley (Tile co-founder), Tom Gonser (DocuSign co-founder), Tuff Yen (Seraph Group), Y Combinator, Life360/Tile (exclusive partnership reaching 90M+ smartphones), and others. This builds on prior $30M in investments, with funds allocated to expand the satellite constellation for global coverage, scale the developer ecosystem via SDK integration, and drive enterprise deployments in logistics, infrastructure, defense, and consumer IoT. Hubble has achieved key milestones including the first Bluetooth connection to space, partnerships with Life360/Tile and Muon Space, and over ten pilot customers each connecting millions of devices. The round underscores market confidence in its technology, with investors highlighting its unique architecture, technical execution, and demand for affordable, ubiquitous connectivity to reshape global IoT. |
| May 2023 | Series A | Transpose Platform Management (lead) | $20M | Hubble Network is building a global satellite constellation designed to connect billions of Bluetooth-enabled devices without requiring cell towers, gateways, or custom hardware. The company was founded in October 2021 by Alex Haro, Brett Phalen, and aerospace engineer John Kim, and joined Y Combinator's Winter 2022 cohort. The company's core technology enables any off-the-shelf Bluetooth low-energy (BLE) device to communicate directly with satellites, unlocking use cases across consumer safety, supply chain tracking, infrastructure monitoring, agriculture, and oil and gas applications. In May 2023, Hubble Network closed a $20 million Series A funding round led by Transpose Platform, with participation from 11.2 Capital, Y Combinator, Yes.VC, Convective Capital, Seraphim Space, Type One Ventures, Soma, AVCF5, Space.VC, and notable angels including Jett McCandless, John Kim (CEO of Sendbird), and Chris Nguyen (cofounder of LogDNA/Mezmo). The company planned to launch its first batch of four satellites on SpaceX's Transporter-10 mission in January 2024, with the goal of activating pilot customers across various industries. As of 2025, the company announced a Series B raise of $70 million (bringing total funding to $100 million since founding), planned expansion to seven operational satellites, and an exclusive partnership with Life360/Tile to connect into one of the largest Bluetooth networks globally with 90M+ smartphones. |
| May 2022 | Seed | Matilde Giglio; Carthona Capital; Y Combinator; Yes VC; Space.VC; Pioneer Fund | $500K | - |
Who has invested in Hubble Network?
14 investors have backed Hubble Network across its funding rounds, including Y Combinator, Pioneer Fund, Transpose Platform Management, Carthona Capital, Seraphim Space IT and Seven Peaks Ventures.
Lead investors include Seraphim Space IT, Ryan Swagar and Transpose Platform Management.
Hubble Network Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | May 2022 | ||
| 1 | Participant | May 2022 | ||
| 1 | Participant | May 2022 | ||
| 1 | Participant | Sep 2025 | ||
| 1 | Participant | May 2022 | ||
| 1 | Lead | Aug 2026 | ||
| 1 | Participant | Sep 2025 | ||
| 1 | Participant | May 2022 | ||
| 1 | Participant | Sep 2025 | ||
| 1 | Lead | Sep 2025 | ||
| 1 | Participant | Sep 2025 | ||
| 1 | Participant | Sep 2025 | ||
This data is available for Pro users. Sign up to see all 14 Hubble Network investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialHubble Network Competitors
Hubble Network competitors include listed companies like Johnson Controls and Samsara, and private ones like Tive, Nexite, Verkada and ZaiNar.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $25M | - | $500M | - | ||
| Private | - | - | $320M | - | ||
| Private | - | - | $5.8B | - | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $24B | $3B | $85B | 3.7x | ||
| Publicly listed | $1.6B | ($29M) | $23B | 12.0x |
Hubble Network Public Comps
Hubble Network is still privately-owned, but its public comps include Amphenol, Foxconn Industrial Internet, Hitachi, Keyence, Johnson Controls, Lumentum, Honeywell, TE Connectivity, AMETEK and Hikvision.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $23B | $6.9B | 9.0x | 6.5x | 30.0x | 19.8x | |||
| $135B | $7.7B | 1.4x | 0.9x | 23.8x | 16.6x | |||
| $68B | $11B | 2.2x | 2.2x | 13.8x | 13.5x | |||
| $7.5B | $4.1B | 14.5x | 13.2x | 26.6x | 24.5x | |||
| $24B | $3B | 4.0x | 3.7x | 31.0x | 20.0x | |||
| $3B | ($6.9B) | 26.2x | 21.3x | (11.4x) | 56.6x | |||
| $37B | $7.8B | 2.4x | 3.6x | 11.6x | 16.1x | |||
| $17B | $4B | 3.7x | 3.3x | 15.9x | 12.2x | |||
This data is available for Pro users. Sign up to see all Hubble Network competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Hubble Network
| When was Hubble Network founded? | Hubble Network was founded in 2021. |
| Where is Hubble Network headquartered? | Hubble Network is headquartered in Las Vegas, NV, United States. |
| Is Hubble Network publicly listed? | No, Hubble Network is a private, VC-backed company. |
| How much funding has Hubble Network raised? | Hubble Network has raised $121M across 4 funding rounds. |
| What was Hubble Network's last funding round? | Hubble Network's last funding round was a $30M undisclosed-stage round in August 2026, led by Seraphim Space IT. |
| Who are Hubble Network's investors? | Hubble Network's investors include Y Combinator, Matilde Giglio, Carthona Capital, Marc Weiser, Yes VC, Seraphim Space IT, Seven Peaks Ventures, Space.VC, Tuff Yen, Ryan Swagar and 4 others. |
| Which companies are comparable to Hubble Network? | Companies comparable to Hubble Network include Tive, Nexite, Verkada, ZaiNar, Johnson Controls and Samsara. |
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