On November 8, 2021, HawkEye 360, Inc. closed the transaction. The company has issued 12,346,835 series D preferred shares for gross proceeds of $144,999,995.5565 in the transaction. The round of funding co-led by new investor Insight Venture Management, LLC and returning investor Seraphim Space Investment Trust Plc, a fund managed by Seraphim Space (Manager) Llp for $25,000,000.

The transaction included participation from Strategic Development Fund, new investors Jacobs Engineering Group Inc, Gula Tech Adventures, Inc., 116 Street Ventures, fund managed by Alumni Ventures Group, LLC, New North Ventures, returning investors Advance Publications, Inc., Razor's Edge Management, LLC, Night Dragon Security, Adage Capital Management, L.P, Shield Capital Partners and and other company insiders. As part of the transaction Nick Sinai from Insight Venture Management, LLC joined the company's board. The company has raised $144,999,796 through Regulation D from 38 investors in the transaction.