Tech Company Financing Transactions
Albedo Funding Round
Albedo, operating out of Austin, secured $10 million from Initialized Capital, Jetstream Ventures and Liquid 2 Ventures.
Transaction Overview
Company Name
Announced On
4/23/2021
Transaction Type
Venture Equity
Amount
$10,000,000
Round
Seed
Investors
Proceeds Purpose
The funding will allow the company to fund a down payment on rocket space and payments to suppliers that should allow Albedo to wrap up its satellite design.
Company Information
Company Status
Private & Independent
Industry
Communications
Mailing Address
Undisclosed
Austin, TX 73301
USA
Austin, TX 73301
USA
Phone
Undisclosed
Website
Email Address
Overview
Albedo (YC W21) designs and operates satellites that capture the highest resolution imagery available commercially, along with simultaneously collected thermal infrared imagery. This novel dataset will enable commercial applications that, until now, have been limited due to the lack of affordability, timeliness, and spatial resolution required for the majority of EO applications.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Topher Haddad
Browse more venture capital transactions:
Prev: 4/23/2021: Tribal Credit venture capital transaction
Next: 4/23/2021: Percent venture capital transaction
Share this article
News on VC Transactions
Our team works diligently to report on funding rounds that are announced publicly. All VC database entries reported here are sourced from publicly available VC deal announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs