Airbus-backed space mapping software provider LeoLabs closed a $65m round while Qualcomm took part in supply chain technology developer Locus's series C funding.
Funding
LeoLabs, a US-based provider of low-Earth orbit mapping software that counts aerospace manufacturer Airbus as an investor, completed a $65m series B round co-led by growth equity firm Insight Partners and venture capital firm Velvet Sea Ventures yesterday. Airbus subsidiary Airbus Ventures co-led its $13m series A round in 2018 with Weru Investment, Japan’s Waseda University’s VC affiliate, investing together with Space Angels and Horizons Ventures. It had received $4m in seed funding from Airbus Ventures, Horizons Ventures and SRI International the previous year.
Locus, a US-headquartered developer of supply chain automation software, secured $50m on Wednesday in a series C round featuring mobile chipmaker Qualcomm’s investment arm, Qualcomm Ventures. The round was led by GIC and included Tiger Global Management, Falcon Edge and angel investors Amrish Rau, Kunal Shah, Raju Reddy and Deb Deep Sengupta, and it valued Locus at about $300m, sources told the Economic…
