Satellite navigation startup Xona Space Systems has secured $92 million in new funding through a Series B offering. The latest tranche brings the Silicon Valley venture's total funding to over $150 million. The company wants to use the new capital to accelerate the transition from research and development to delivery at scale, while growing production from a single satellite to hundreds in low earth orbit.
Xona raised $19 million in 2024 in a Series A round, after 11 prior seeding rounds and grants, led by Future Ventures and Seraphim Space. NGP Capital, Industrious Ventures, Murata Electronics, Space Capital and Aloniq joined the offering. More investors participated in the Series B round, including Craft Ventures, Stellar Ventures, Toyota Ventures and First Spark.
