HawkEye 360 takes series B to $85m

Nov 11, 2019 • Callum Cyrus

HawkEye 360 extended its series B round to at least $85m with a $15m contribution from family office Advance, which has also bought founding investor Allied Minds' stake.

HawkEye 360, a US-based data gathering satellite operator exploiting Virginia Tech research, added $15m from family investment office Advance on Friday to bring its series B round to $85m.
The commitment follows the first $70m series B tranche in August 2019, which featured commercialisation firm Allied Minds, aerospace manufacturer Airbus, mapping software developer Esri, Razor’s Edge Ventures, Shield Capital Partners and unnamed additional investors.
However, Advance is now the spinout’s biggest shareholder after paying $65.6m for Allied…

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