**Date:** 2015-03-31 **Net Proceeds:** $37,000,000 **Valuation:** $120,000,000 **Lead Investor:** [[Bessemer Venture Partners]] **Investors:** [[Bessemer Venture Partners]], [[Khosla Ventures]], [[K1W1 Investment Fund]], [[Lockheed Martin]] >[!Summary] The funding advanced the development of the **[[Electron]] launch vehicle** and prepared the company for commercial launch operations. This round solidified Rocket Lab’s position as a leader in small satellite launches, paving the way for its future growth and success. ### Sources - https://www.bvp.com/memos/rocket-lab - [[Rocket Lab, Developer of the Electron Orbital Vehicle, Closes Series B Round]]