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Deal: Trilegal advised Pixxel in its Series B Extension Fund Raise from M&G and Glade Brook

18 Dec 2024

trilegal-advised-BTPL-in-relation-to-strategic-investment-from-gel

Trilegal advised Pixxel and its founders in relation to its Series B extension fund raise of USD 24 Million from M&G Catalyst and Glade Brook Capital Partners in the US.

The transaction was led by our Corporate Partner Abhishek Dubey and supported by attorneys Ishita Sinha, Senior Associate; and Hetal Doshi and Sagnik Sarkar, Associates.

Pixxel is engaged in the business of building and operating high-resolution, hyperspectral earth observation satellites and distributing the satellite imagery obtained from the same. It had earlier raised USD 36 Million in June 2023 in its Series B funding round from a group of investors consisting of Google, Radical, Lightspeed, Blume Ventures, and others. With the completion of this Series B extension round, the total investment amount raised by Pixxel in its Series B funding round now stands at USD 60 Million.

Media coverage:

Pixxel raises $24M in additional funding, taking its total Series B raise to $60M | Pixxel

Pixxel Raises $24M in Additional Funding, Taking its Total Series B Raise to $60M | Business Wire

Pixxel raises additional $24 mn, closing Series B round with $60 mn | MoneyControl

Google-backed space startup Pixxel raises additional $24 million in Series B funding – SME News | The Financial Express

Pixxel Raises $24 Million in Extension Round | Los Angeles Business Journal

Pixxel Raises $24M For Hyperspectral Data Biz | Payload Space

About Trilegal

Trilegal is one of India’s leading law firms, with expertise across the full spectrum of corporate legal services. Trilegal has offices in four key cities of India.

Trilegal has been recognised as the India Deal Firm of the Year by Asian Legal Business (ALB) India Law Awards 2023; one of the ‘Best Overall Law Firms’ at the India Business Law Journal Indian Law Firm Awards 2022; ‘Firm of the year’ for Client Service Excellence by Asia Law Awards 2021; “M&A Law firm of the Year” by VCCircle Awards 2020 one of the most innovative law firms in Asia in the inaugural edition of ALB Trailblazers 2020; and ‘highly commended’ in the FT RSG Innovative Lawyers Awards 2020.

For more information, please get in touch with

Anoop Siddak Singh Tuli
Mob: +91-9535377422 | BD@trilegal.com

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