Austin has gained another tech unicorn this time, in the space industry.
On Tuesday, Firefly Aerospace announced it raised $75 million through a Series A round and closed a $100 million secondary transaction. The two deals mean that the Cedar Park-based aerospace company, which develops small and medium-sized launch vehicles, spacecraft and in-space services, is now valued at more than $1 billion.
The Series A round was led by DADA Holdings. Canon Ball LLC, Astera Institute, SMS Capital Investment LLC, Raven One Ventures, Reuben Brothers Limited, the XBTO Ventures and other investors also participated in this round. The remaining funding comes from seed investor Noosphere Ventures selling approximately $100 million of its Firefly equity holdings to some of the Series A participants and other investors, according to a news release.