Cohen & Gresser represents Sierra Holding Company on Sierra Space Corporation’s $290 million Series B financing round, bringing valuation to $5.3 billion

Cohen & Gresser represented Sierra Holding Corporation, the primary parent of Sierra Space Corporation, a commercial space company that is building and delivering the infrastructure and systems required for the future of space travel, in its $290 million Series B financing round. The firm represented Sierra Space in its record-breaking $1.4 billion Series A financing in November 2021.

This latest financing brings Sierra Space’s total capital raised to $1.7 billion, which is the largest ever capital raise by a commercial space company and brings Sierra Space’s valuation to $5.3 billion.

MUFG, Japan’s largest bank, trading company Kanematsu Corporation, and Tokio Marine & Nichido Fire Insurance, Japan’s largest property and casualty insurer, led the Series B round, which also included participation from Sierra Space’s existing investors, including General Atlantic, Coatue, Moore Strategic Ventures, and funds and accounts managed by BlackRock Private Equity Partners and others.

Cohen & Gresser served as counsel to our client Sierra Holding on all aspects of the transaction. “We are proud of the opportunity to assist Sierra Holding in this follow-on transaction to support the future of space travel,” said Jeffrey M. Bronheim, lead partner on the engagement for Cohen & Gresser.

The Cohen & Gresser team was led by Jeffrey M. Bronheim, Daniel H. Mathias, and Bonnie J. Roe, with assistance from associate Myia Williams.

Read Sierra Space Corporation’s press release here.