Castelion raises $800M Series C equity at $13B valuation
Castelion raised $800 million of Series C equity at a $13 billion post-money valuation and separately secured a $250 million committed revolving credit facility.
Evidence notes
- JPMorganChase’s Strategic Investment Group, Andreessen Horowitz and Carlyle co-led the equity financing.
- Lightspeed Venture Partners, Lavrock Ventures, Altimeter, General Catalyst, Interlagos and T. Rowe Price also participated.
- Capital will expand Blackbeard production, accelerate a longer-range strike system and support new defensive systems.
Company context
Castelion designs, flight-tests and manufactures mass-producible hypersonic strike weapons, led by Blackbeard. The Torrance company vertically integrates propulsion, guidance, avionics and production, and is building Project Ranger in New Mexico for high-rate missile output.