--- title: "Hubble Network Raises $200M Series C at $1.6B" description: "Hubble Network raised a $200M Series C led by Smith Point Capital at a $1.6B valuation to expand its Bluetooth-to-satellite constellation from six spacecraft toward 60 by 2030." date: 2026-09-28T00:00:00.000Z source: https://venturecapitaltracker.com/2026-hubble-network-200m-series-c-1-6b --- # Hubble Network Raises $200M Series C at $1.6B > Hubble Network raised a $200M Series C led by Smith Point Capital at a $1.6B valuation to expand its Bluetooth-to-satellite constellation from six spacecraft toward 60 by 2030. Hubble Network has closed a **$200 million Series C at a $1.6 billion valuation**, one of the largest recent financings for a direct-to-satellite Internet of Things company. Smith Point Capital led the round, with Seraphim Space, Carthona Capital, Earthshot Ventures, Y Combinator and RPM Ventures participating. The financing coincides with Hubble opening its satellite network to general availability. The company says ordinary Bluetooth Low Energy devices can connect to its network through a firmware update, without a dedicated satellite modem. ## The round at a glance - **Amount:** $200 million - **Stage:** Series C - **Valuation:** $1.6 billion - **Lead investor:** Smith Point Capital - **Other investors:** Seraphim Space, Carthona Capital, Earthshot Ventures, Y Combinator and RPM Ventures - **Total funding:** $300 million, according to Hubble - **Announced:** September 23, 2026 - **Current constellation:** Six low-Earth-orbit satellites - **Target:** 60 satellites by 2030 The company disclosed the amount, stage, valuation and syndicate in its [funding announcement](https://hubble.com/news/hubble-network-opens-satellite-coverage-to-all-bluetooth-devices-raises-200-million-series-c-at-1.6-billion-valuation). [Reuters](https://srnnews.com/satellite-bluetooth-startup-hubble-network-raises-200-million-at-1-6-billion-valuation/) independently reported the financing and general-availability launch. ## Why Bluetooth-to-satellite is different Conventional satellite trackers normally need specialized radios, antennas and subscriptions. Hubble's pitch is that the Bluetooth Low Energy chip already embedded in many industrial sensors, labels and consumer devices can send limited location or sensor data to orbit. That is not a replacement for broadband satellite internet. It is a low-data-rate network intended for assets such as cargo, equipment, vehicles and remote sensors that need occasional status or location updates. Hubble says a compatible product can connect by adding its software development kit and updating firmware. It also says new designs can add connectivity for less than 50 cents of bill-of-material cost. Those cost and compatibility figures are company claims; performance will depend on antenna design, power budgets, satellite visibility and application requirements. ## Six satellites must become sixty The new capital will support a planned expansion from six satellites today to 60 by 2030. Muon Space is building the next generation of spacecraft on its MuSat XL platform. That deployment plan is the central execution risk. A larger constellation should improve coverage and update frequency, but it also creates launch, manufacturing and operating requirements that software-only IoT networks do not face. Hubble reports more than 500,000 active devices and over 100 million terrestrial gateways across 170 countries. It names Samsara, Texas Instruments, InPlay and Reelables among its commercial or technology partners. Those operating metrics come from Hubble and should not be treated as independently audited subscriber or revenue figures. ## How the Series C relates to August's $30M investment Venture Capital Tracker previously covered Seraphim Space Investment Trust's **$30 million investment announced in August**. Contemporary reporting described that transaction as Series B-II. Hubble now says the $200 million Series C brings total funding to $300 million. Because that cumulative figure does not support simply adding every announced amount together, the August investment should not be counted on top of the Series C without further clarification. It may be included in the current financing or reflected differently in Hubble's cumulative total. This is why the safest current record is the company's explicit statement: **$200 million Series C and $300 million total funding**. ## The valuation depends on commercial density At $1.6 billion, Hubble is being valued on the possibility that satellite connectivity can move from expensive, specialized hardware to commodity Bluetooth devices. The technical demonstration is meaningful, but the business case depends on more than hearing a Bluetooth signal from orbit. Hubble needs sufficient device density, recurring network usage, reliable data delivery and economics that cover spacecraft deployment and operations. The strongest evidence will be paid deployments, retention, message volumes and gross-margin development—not the theoretical number of Bluetooth-capable devices. ## Bottom line Hubble Network's Series C is a confirmed **$200 million equity round at a $1.6 billion valuation**. The financing gives the company capital to expand its constellation tenfold. The investment thesis is that a firmware update can turn commodity Bluetooth hardware into a global, low-bandwidth tracking network; the open question is whether deployments and recurring usage scale quickly enough to justify the new valuation. **By:** [Venture Capital Tracker](https://venturecapitaltracker.com/editorial-policy) **Editorial note:** AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.