Xona Space Systems, a pioneer in navigation technologies from Low Earth Orbit (LEO), has raised an oversubscribed financing round to accelerate the development of their high-performance commercial satellite navigation network, bringing their total funding to over $25M.

The round was led by First Spark Ventures who is joined by numerous new investors including Lockheed Martin Ventures, SRI Ventures (of SRI International), Velvet Sea Ventures, Gaingels, Airstream Venture Partners, and Space.VC. Existing investors also continue to show firm conviction in Xona's accomplishments and market opportunity with participation from Seraphim Space, Toyota Ventures, 1517 Fund, MaC Venture Capital, and Stellar Ventures.