**Date:** 2018-11-15 **Net Proceeds:** $140,000,000 **Valuation:** $1,000,000,000+ **Lead Investor:** [[Future Fund]] **Investors:** [[Future Fund]], [[Greenspring Associates]], [[Khosla Ventures]], [[Bessemer Venture Partners]], [[DCVC]], [[Promus Ventures]], [[K1W1 Investment Fund]], [[ACC]] >[!Summary] >- Rocket Lab reveals $140 million (USD) funding in Series E financing, closed in advance of the company’s second successful orbital mission, ‘It’s Business Time’ on 11 November. >- Investors show continued ardent support in pre-‘It’s Business Time’ launch round led by existing backers Future Fund (Australia’s Sovereign Wealth Fund), with participation from >current investors Greenspring Associates, Khosla Ventures, Bessemer Venture Partners, DCVC (Data Collective), Promus Ventures, and K1W1. >- New investor, the Accident Compensation Corporation of New Zealand (ACC), also joins the round. >- Funding will support continued Electron vehicle production expansion, new launch sites and three new major research and development programs. ## 🔗 Sources: - [[Rocket Lab announces $140 million in new funding Rocket Lab]] ## ✏️ Notes - Rocket Lab did not make the exact valuation public for this round but indicated they had experience growth from the previous round ($1b): "The Series E round close brings total Rocket Lab funding to date to more than $288 million (USD), with the company now soaring past its previous $1 billion-plus (USD) valuation."