LeoLabs Funding, Investors & Competitors

LeoLabs has raised $111M across 4 funding rounds, most recently a $29M undisclosed-stage round in February 2024.

Last LeoLabs funding round

$29M

Undisclosed stage · Feb 2024

Cumulative funding LeoLabs raised

$111M

across 4 funding rounds

Key investors in LeoLabs

  • Insight Partners
  • Horizons Ventures
  • Airbus Ventures
  • Space Capital
  • Velvet Sea Ventures
  • Bossa Invest
  • CSC Upshot
  • AngelList

LeoLabs Overview

About LeoLabs

LeoLabs is a Menlo Park-headquartered aerospace company offering low Earth orbit mapping and space situational awareness services. Its software platform delivers open API access for satellite tracking and collision avoidance. LeoLabs maintains a network of radars in locations including Alaska, Texas, New Zealand, and the United Kingdom to monitor objects in crowded orbits. The services assist satellite operators, launch providers, and governments with space traffic management. Founded in 2015, LeoLabs supports the commercial space economy through precise orbital data.


Founded

2016

HQ

United StatesSan Francisco, CA

Status

Privately held

Customer focus

B2B & B2G

Revenue model

Subscription

LeoLabs Funding History

LeoLabs has raised a total of $111M across 4 funding rounds.

LeoLabs' first fundraising round was a $4M seed round in February 2017. The most recent completed round was a $29M undisclosed-stage round in February 2024.

LeoLabs funding rounds

LeoLabs funding rounds
DateStageInvestorsRaisedDeal Summary
Feb 2024Undisclosed stageGP Bullhound (lead); Space Capital; The 1941 Fund; Dolby Family Ventures; Velvet Sea Ventures; AngelList; Insight Partners; MDSV Capital$29MLeoLabs operates a global radar network and AI-powered software platform that tracks over 20,000 low-Earth orbit (LEO) objects, providing real-time insights for space safety, security, sustainability, and traffic management to commercial and government operators. The company announced a $29 million extension to its Series B funding on February 12, 2024, led by GP Bullhound with participation from new investors including The 1941 Fund, Dolby Family Ventures, and existing backers such as Insight Partners, Velvet Sea Ventures, Space Capital, MDSV Capital, and AngelList Syndicate. This brought total funding raised to over $111 million across multiple rounds, including a $65 million Series B in 2021. Funds are earmarked for scaling AI insights, enhancing data architecture, expanding radar network to global coverage with plans for additional sites, and bolstering go-to-market efforts with U.S. Department of Defense, Department of Commerce, and allies. LeoLabs' network includes 10-11 radars worldwide as of early 2025, with recent additions like an Ultra High Frequency radar in Arizona funded partly by AFWERX SBIR awards and another S-Band system planned for 2025. The company supports Space Domain Awareness (SDA), Space Traffic Management (STM), and commercial missions through orbital data, safety alerts, and integrations into defense operations. Competitively, LeoLabs positions itself as the category leader in LEO tracking amid rapid space expansion with tens of thousands of satellites, emphasizing ESG themes like equitable space management to prevent orbital environmental challenges. Investors highlight its unique data complexity handling and role as an operational partner for space growth.
Jun 2021Series BInsight Partners (lead); Velvet Sea Ventures (lead); Seraphim Space IT; Bossa Invest$65MLeoLabs is a commercial provider of Low Earth Orbit (LEO) mapping and Space Situational Awareness (SSA) services founded in 2016. The company operates a global network of ground-based radars to track satellites and space debris, addressing what it calls a data deficit in orbital object tracking historically managed only by military and governmental organizations. LeoLabs sells its services through a software-as-a-service platform to both government and commercial customers. The company closed a $65 million Series B financing round on June 3, 2021, jointly led by Insight Partners and existing investor Velvet Sea Ventures. This round brought LeoLabs' total funding to over $100 million. The new capital was allocated to accelerate the company's SaaS platform development, expand its global radar network infrastructure, scale software and data science teams, establish operations outside the United States, and develop new products and services. At the time of the round, LeoLabs operated space radars in Texas, Alaska, New Zealand, and Costa Rica, with plans to build additional radar sites concurrently using its rapid deployment model. The company had achieved complete orbital coverage and aimed to increase tracking frequency through additional radar infrastructure. Nick Sinai, Senior Advisor at Insight Partners, joined the LeoLabs Board of Directors as part of the financing agreement.
Jul 2018Series AAirbus Ventures (lead); WERU Investment (lead); Space Capital; Horizons Ventures$13MLeoLabs raised $13 million in its Series A funding round in July 2018, co-led by Airbus Ventures and WERU Investment, with participation from Horizons Ventures and Space Angels. The company, spun out from SRI International in 2016, develops radar technology to detect and track small satellites and debris in low Earth orbit. It provides space situational awareness software platforms to support mega-constellations and space operations. The funding supported development of multi-mission radars and AI-enabled platforms. LeoLabs had previously raised $4 million in seed funding in February 2017 from Airbus Ventures, Horizons Ventures, and SRI International to establish its initial radar network and data processing capabilities. Investors highlighted LeoLabs' position to address the growing need for data amid increasing LEO activity and debris risks. At the time, LeoLabs' platform for developers and operators was available on a trial basis.
Feb 2017SeedHorizons Ventures (lead); CSC Upshot; Airbus Ventures; Bart Swanson; Dylan Taylor$4MLeoLabs raised $4 million in a seed round on February 27, 2017, led by Horizons Ventures with participation from Airbus Ventures, Bart Swanson, CSC Upshot, Dylan Taylor, and others. The funding supported establishing the initial radar network and data processing capabilities for space situational awareness in low Earth orbit (LEO). LeoLabs provides foundational data for tracking and characterizing objects in LEO, including small debris, through a commercial API and platform.

Who has invested in LeoLabs?

16 investors have backed LeoLabs across its funding rounds, including Insight Partners, Horizons Ventures, Airbus Ventures, Space Capital, Velvet Sea Ventures and Bossa Invest.

Lead investors include GP Bullhound, Insight Partners, Velvet Sea Ventures, Airbus Ventures, WERU Investment and 1 other investor.


LeoLabs Investors

Investors in LeoLabs by funding rounds participated
InvestorHQRoundsRoleFirst check
Airbus VenturesUnited StatesSan Francisco, CA2LeadFeb 2017
Space CapitalUnited StatesNew York City, NY2ParticipantJul 2018
Horizons VenturesHong KongHong Kong2LeadFeb 2017
Velvet Sea VenturesUnited StatesNew York City, NY2LeadJun 2021
Insight PartnersUnited StatesNew York City, NY2LeadJun 2021
CSC UpshotUnited StatesSan Francisco, CA1ParticipantFeb 2017
Seraphim Space ITUnited KingdomLondon1ParticipantJun 2021
WERU InvestmentJapanTokyo1LeadJul 2018
Bart SwansonUnited StatesNew York City, NY1ParticipantFeb 2017
Dylan TaylorUnited StatesDenver, CO1ParticipantFeb 2017
The 1941 FundAustraliaSydney1ParticipantFeb 2024
Dolby Family VenturesUnited StatesSan Francisco, CA1ParticipantFeb 2024
AngelListUnited StatesSan Francisco, CA1ParticipantFeb 2024

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LeoLabs Competitors

LeoLabs competitors include listed companies like Spire Global, Oracle, Snowflake and Datadog, and private ones like ICEYE and Databricks.

Public and private companies comparable to LeoLabs
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
ICEYEFinlandEspooPrivate$289M$115M$12B40.3x
Spire GlobalUnited StatesUnited StatesPublicly listed$72M($40M)$475M5.1x
OracleUnited StatesUnited StatesPublicly listed$67B$33B$455B7.8x
DatabricksUnited StatesSan Francisco, CAPrivate$7B-$190B27.1x
SnowflakeUnited StatesUnited StatesPublicly listed$4.7B($1.3B)$119B21.0x
DatadogUnited StatesUnited StatesPublicly listed$3.4B($588K)$85B19.4x

LeoLabs Public Comps

LeoLabs is still privately-owned, but its public comps include SpaceX, Oracle, Palantir, Snowflake, Datadog, MongoDB, EchoStar, Nutanix, AST SpaceMobile and Dynatrace.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
SpaceX$19B$3.9B106.0x-503.3x-
Oracle$67B$33B8.6x7.8x17.7x13.9x
Palantir$4.5B$1.5B92.6x58.1x285.0x97.4x
Snowflake$4.7B($1.3B)25.6x21.0x(94.1x)121.7x
Datadog$3.4B($588K)23.6x19.4x(137813.0x)77.6x
MongoDB$2.5B($104M)11.9x10.4x(282.5x)49.6x
EchoStar$15B($16B)3.0x3.1x(2.8x)21.5x
Nutanix$2.5B$230M7.1x6.2x78.4x23.8x

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Common questions about LeoLabs

When was LeoLabs founded?LeoLabs was founded in 2016.
Where is LeoLabs headquartered?LeoLabs is headquartered in San Francisco, CA, United States.
Is LeoLabs publicly listed?No, LeoLabs is a private, VC-backed company.
How much funding has LeoLabs raised?LeoLabs has raised $111M across 4 funding rounds.
What was LeoLabs' last funding round?LeoLabs' last funding round was a $29M undisclosed-stage round in February 2024, led by GP Bullhound.
Who are LeoLabs' investors?LeoLabs' investors include Airbus Ventures, Space Capital, Horizons Ventures, Velvet Sea Ventures, Insight Partners, CSC Upshot, Seraphim Space IT, WERU Investment, Bart Swanson, Dylan Taylor and 6 others.
Which companies are comparable to LeoLabs?Companies comparable to LeoLabs include ICEYE, Spire Global, Oracle, Databricks, Snowflake and Datadog.

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