Your Source for Venture Capital and Private Equity Financings

Venture Capital News: Spire Grabs $40M in Series B Round

2015-06-30
SAN FRANCISCO, CA, Spire, a San Francisco-based satellite-powered data company, has just landed $40 million in Series B funding led by an earlier backer, Promus Ventures.
According to TechCrunch, Spire has just landed $40 million in Series B funding led by an earlier backer, Promus Ventures. Bessemer Venture Partners and Jump-Capital also joined the round, as did previous investors RRE Ventures and Lemnos Labs.

The financing brings the company's total funding to roughly $80 million - a fair amount for a company that employs just 57 people and turns three in September. Then again, Spire has huge ambitions to become a big player in the weather data market and to strengthen its position as a provider of maritime data. In fact, says David Cowan, a partner with Bessemer, by some time next year, Spire 'will have the largest constellation of satellites known to man.'
(c) by Massinvestor, Inc. For contact info, please check out our about page.
>> Click here for in-depth research on 9,000+ startups and 5,000+ VC investors