Funding round
Antares Seed
Antares, which works in modular nuclear microreactor design in Torrance, raised $8.0M in a Seed round announced on 31 Oct 2023. 7 firms took part, with 1 individual investor. It is Antares' first venture round on record.
$8.0M
Amount raised
Not disclosed
Post-money valuation
7
Investors
no lead named
Valuation
What this round says about the price
Antares did not disclose a valuation in this round. It is Antares' first venture round on record, in the year it was founded (2023). It is 1.3% of the $604M Antares has raised in the venture rounds on record. Antares raised again 12 months later: a Series A round of $30M in Oct 2024.
Investors
Who put money in
7 firms took part; no lead investor was named.
Investors
- Caffeinated backs 79 venture-backed companies new investor
- Humba Ventures new investor
- Pathbreaker Ventures new investor
- Rogue VC new investor
- Shrug Capital new investor
- Uncommon Capital new investor
- backs 108 venture-backed companies new investor
Individual investors: angels.
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations.
- Scaling operations
Comparable rounds
How it compares
55 Seed rounds in Electronical Components Manufacturing within a year either side disclosed an amount; the median was $3.5M, and this round was 2.3 times the median. The closest in time, other companies' Seed rounds in Electronical Components Manufacturing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Electronical Components Manufacturing | 13 Sep 2023 | $11M | not disclosed | Amplify Partners |
| Electronical Components Manufacturing | 27 Nov 2023 | $7.7M | not disclosed | IQ Capital and Earlybird |
| Electronical Components Manufacturing | 26 Sep 2023 | $4.2M | not disclosed | Innovation Industries and PhotonVentures |
| Electronical Components Manufacturing | 1 Dec 2023 | $8.8M | not disclosed | not named |
| Electronical Components Manufacturing | 1 Aug 2023 | $8.0M | not disclosed | Maniv Mobility |
| Electronical Components Manufacturing | 14 Dec 2023 | $7.2M | not disclosed | Gates Frontier |
| Electronical Components Manufacturing | 4 Dec 2023 | $3.0M | not disclosed | Rhapsody Venture Partners |
| Electronical Components Manufacturing | 11 Aug 2023 | $3.0M | not disclosed | not named |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Antares raise in its Seed round?
Antares raised $8.0M in its Seed round, announced in Oct 2023.
Which investors took part in Antares' Seed round?
Caffeinated, Humba Ventures, Pathbreaker Ventures, Rogue VC, Shrug Capital and Uncommon Capital and 1 more.
What was Antares' valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Electronical Components Manufacturing?
55 Seed rounds in Electronical Components Manufacturing within a year either side disclosed an amount; the median was $3.5M, and this round was 2.3 times the median.
Did Antares raise again after this round?
Yes: a Series A round in Oct 2024 of $30M.