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New investors commit to Planet Labs' financing, cap was revised upward
Change: offered +33% / raised +14% / placed 80%
XDATA - July 10th 2015
Planet Labs upped its equity financing by 33% to $132.8 million following additional commitments. An additional $13.25 million worth of securities was placed by the company with five investors since the company last released data a couple of months ago. This brings to $106.05 million the amount raised from the forty-four backers who subscribed to the offering. The subscription is structured to close once the 20% left is fully subscribed or in about a year at the latest. The company closed three unregistered private placements which raised an estimated $76.62 million.
The company is deploying a fleet of small satellites to image the whole earth every 24 hours to measure things from deforestation, to improving agricultural yield, to detecting overfishing. The company's mission is to create information people need to help life on the planet. Investors include International Finance Corp, Yuri Milner, Draper Fisher Jurvetson (DFJ), O’Reilly Alpha Tech Ventures (OATV), Capricorn Investment Group, Founders Fund Angel, Data Collective, First Round Capital, and Innovation Endeavors.
The company is headquartered in San Francisco CA. Planet Labs elected to keep its revenues undisclosed.
The executive team includes Christopher R Boshuizen, Robert Schingler and William Marshall.
The board of directors includes Steve Jurvetson and Zachary Bogue.

The company has raised an estimated total of $182.66 million via private unregistered security offerings.
Offering recap
Status: Intermediary close
Company: Planet Labs
Industry: Other Technology
Amount offered: $132.8 million
Amount placed: $106.05 million
SEC filing: Source
First sale: 06-25-2015
Data as of: 07-10-2015
Similar transactions 2015 Map: Data provider, Aerospace Category
2017-07-11 Terran Orbital placed $7 million worth of equity securities
2017-06-26 $23.35 million raised so far by Satellogic via private placement
2017-03-30 Prioria Robotics Holdings raised $750,000 at first close a few days ago
2015-02-18 GeoOptics unveils details on its $7 million unregistered offering
2014-04-01 Bagaveev reports successful placement of its mezzanine securities
Largest Transactions by Amount Raised : Unmanned vehicle, Inspection survey, Weather Products
 Entity NameOffer Date $ SoughtDelta $ Sought$ RaisedSecurity OfferedIndustryFiling Type/
SEC Source
 SpaceX2015-01-201,000,000,0001,000,000,000999,999,925EquityOther Technologyoriginal
 OneWeb2015-06-24591,000,000591,000,000491,000,000MezzanineTelecommunicationsoriginal
 SpaceX2017-07-26351,000,000351,000,000349,999,920EquityOther Technologyoriginal
 Zoox2016-05-23200,000,000200,000,000103,050,301EquityOther Technologyoriginal
 Lucid Holdings2017-03-2759,999,98959,999,98959,999,989EquityOther Technologyoriginal
All dollar amounts are derived from filings lodged with the SEC by the company under current and previous names.
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