Sherpa Venture Funds is a venture capital firm that focuses on investing in and cultivating companies, particularly in the pharmaceutical, biotech, enterprise software, and managed services industries. The firm also backs startup founders in Africa, leveraging innovation to solve significant problems. Sherpa Venture Funds provides strategies, talents, and resources to promote the rapid growth of its portfolio companies.
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Astra secured $13,400,000 in initial financing on 2023-11-06 from JMCM Holdings LLC and Sherpa Ventures Fund II.
JMCM Holdings LLC and SherpaVentures Fund II, LLP agreed to extend the maturity date of a loan to Astra Space by four days to 2024-11-21.
Astra previously planned for each of JMCM Holdings and Sherpa Venture Funds II to contribute $5,000,000 to the financing round.
JMCM Holdings LLC and Sherpa Venture Funds II, LLP agreed to provide $13,400,000 in initial financing as part of a non-binding term sheet that sought to raise $15,000,000 to $25,000,000.
Astra had announced on 2023-10-23 a planned financing round valued at up to $25,000,000 with JMCM Holdings as the planned lead investor and participation from Sherpa Venture Funds II.