Funding round
Antares Series A
Antares, which works in modular nuclear microreactor design in Torrance, raised $30M in a Series A round announced on 30 Oct 2024, led by Alt Cap and Caffeinated. 8 firms took part. It is Antares' second venture round on record; the one before was a Seed in Oct 2023.
$30M
Amount raised
Not disclosed
Post-money valuation
8
Investors
2 leads
Valuation
What this round says about the price
Antares did not disclose a valuation in this round. It came 12 months after Antares' Seed. It is 5.0% of the $604M Antares has raised in the venture rounds on record. Antares raised again 14 months later: a Series B round of $96M in Dec 2025.
Investors
Who put money in
Alt Cap and Caffeinated led the round with 6 other firms.
Lead investors
- Alt Cap new investor
- Caffeinated backs 79 venture-backed companies new investor
Also in the round
- Rogue new investor
- Uncommon Capital new investor
- Shrug new investor
- Banter Capital new investor
- BoxGroup backs 175 venture-backed companies new investor
- backs 32 venture-backed companies new investor
Joined the board: Jack Altman (Alt Cap).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development.
- Product development
Comparable rounds
How it compares
60 Series A rounds in Electronical Components Manufacturing within a year either side disclosed an amount; the median was $17M, and this round was 1.7 times the median. The closest in time, other companies' Series A rounds in Electronical Components Manufacturing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Electronical Components Manufacturing | 2 Oct 2024 | $15M | not disclosed | TCR, Inc. |
| MatX Electronical Components Manufacturing | 22 Nov 2024 | $80M | $300M | Spark Capital |
| Electronical Components Manufacturing | 12 Sep 2024 | $32M | $200M | not named |
| Electronical Components Manufacturing | 11 Sep 2024 | $22M | not disclosed | Continental Corporate Venture Capital Unit and Continental’s Corporate Venture Capital Unit |
| Electronical Components Manufacturing | 8 Nov 2024 | $21M | not disclosed | Octopus Ventures and Cambridge Innovation Capital |
| Electronical Components Manufacturing | 1 Sep 2024 | $9.4M | not disclosed | Join Capital |
| Electronical Components Manufacturing | 4 Nov 2024 | $4.9M | not disclosed | not named |
| Electronical Components Manufacturing | 19 Nov 2024 | undisclosed | not disclosed | Stonebridge Ventures |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Antares raise in its Series A round?
Antares raised $30M in its Series A round, announced in Oct 2024.
Who led Antares' Series A round?
Alt Cap and Caffeinated led it, with Rogue, Uncommon Capital, Shrug, Banter Capital and BoxGroup and 1 more.
What was Antares' valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Electronical Components Manufacturing?
60 Series A rounds in Electronical Components Manufacturing within a year either side disclosed an amount; the median was $17M, and this round was 1.7 times the median.
Did Antares raise again after this round?
Yes: a Series B round in Dec 2025 of $96M.