**Date:** 2017-03-22 **Net Proceeds:** $75,000,000 **Valuation:** $1,000,000,000 **Lead Investor:** [[DCVC]] **Investors:** [[Promus Ventures]], [[Khosla Ventures]], [[Bessemer Venture Partners]], [[K1W1 Investment Fund]], Undisclosed Investor >[!Summary] This funding round brought Rocket Lab's total funding to **$148 million** and valued the company at over **$1 billion**, achieving "unicorn" status. The investment enabled Rocket Lab to enhance its launch services, aiming to provide frequent and cost-effective access to space for small satellite operators. > The funds were allocated to: >- **Scaling Electron Rocket Production: Increasing manufacturing capacity to meet the growing demand for small satellite launches.** >- **Expanding Facilities: Opening a new headquarters in Huntington Beach, California, to support engineering and business operations.** >- **Advancing Launch Capabilities: Preparing for the test flight program of the Electron rocket, aiming to provide frequent and reliable access to space for small satellites.** ### Sources: https://www.rocketlabusa.com/updates/series-d-financing