# Urban Sky Theory

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/urban-sky-theory

- Industry: Aerospace
- Headquarters: Denver, US
- Website: www.urbansky.com
- Total disclosed funding: $45M
- Latest round: Series B (Jan 10, 2025)
- Investors on record: 11

## About

Founded in 2019 and based in Colorado, US, Urban Sky Theory, Inc. develops a reusable stratospheric balloon used in analyzing and providing aerial imagery collection of various areas or locations. The company was founded by its CEO Andrew Antonio, along with Jared Leidich. Mr. Antonio also served as the Head of Marketing, Commercial Business Development, and Space Tourism Sales at World View and as an IoT Product Management and Strategic Go-to-Market role for Dahaner. In October 2023, Urban Sky Theory, Inc. raised USD 9.75 million in series A funding co-led by New Legacy Ventures, Lerer Hippeau, and Lavrock Ventures, with participation from DA Ventures. 

The company develops Microballoon™, a reusable stratospheric balloon used in analyzing and providing high-quality aerial imagery collection of a certain area or location. It was a low-cost maintenance imagery provider compare to a satellite and only needed minimal personnel to operate. It helps in providing analytical data in remote sensing and weather-related field.

The company's revenue is generated by selling its reusable stratospheric balloon for industrial use.

The company plans to use the proceeds of its latest October 2023 funding to expand its business operation and invest in sensor companies.

## Funding rounds

- Series B, Jan 10, 2025, $30M — Altos Ventures, New Legacy, Lerer Hippeau Ventures, Techstars, TenOneTen Ventures, New Stack Ventures, Lavrock Ventures, Catapult, Union Labs, Denver Venture
- Series A, Sep 27, 2023, $9.8M — New Legacy, Lerer Hippeau Ventures, TenOneTen Ventures, Lavrock Ventures, Catapult, Union Labs
- Seed, Aug 19, 2021, $4.1M — Techstars, TenOneTen Ventures, New Stack Ventures, Catapult, Union Labs
- Seed, Aug 9, 2019, $1M — Techstars, Plug and Play, TenOneTen Ventures, New Stack Ventures, Catapult

## Investors

- Techstars (https://capitalatlas.ai/funds/techstars) — Seed, Series B
- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Seed
- TenOneTen Ventures (https://capitalatlas.ai/funds/tenoneten-ventures) — Seed, Series A, Series B
- New Stack Ventures (https://capitalatlas.ai/funds/new-stack-ventures) — Seed, Series B
- Catapult — Seed, Series A, Series B
- Union Labs (https://capitalatlas.ai/funds/union-labs) — Seed, Series A, Series B
- New Legacy (https://capitalatlas.ai/funds/new-legacy) — Series A, Series B
- Lerer Hippeau Ventures — Series A, Series B
- Lavrock Ventures (https://capitalatlas.ai/funds/lavrock-ventures) — Series A, Series B
- Altos Ventures (https://capitalatlas.ai/funds/altos-ventures) — Series B
- Denver Venture (https://capitalatlas.ai/funds/denver-venture) — Series B