Funding round
Apex Seed
Apex, which works in satellite platform manufacturing in Los Angeles, raised $7.5M in a Seed round announced on 24 Oct 2022, led by Andreessen Horowitz. 5 firms took part. It is Apex's first venture round on record.
$7.5M
Amount raised
Not disclosed
Post-money valuation
5
Investors
1 lead
Valuation
What this round says about the price
Apex did not disclose a valuation in this round. It is Apex's first venture round on record, in the year it was founded (2022). It is 1.0% of the $719M Apex has raised in the venture rounds on record. Apex raised again 8 months later: a Series A round of $16M in Jun 2023. Its next priced round, a Series D in Sep 2025, valued it at $1.00B.
Apex's funding rounds
Apex has 6 venture rounds on record. This one is highlighted.
- Seed this round 24 Oct 2022, led by Andreessen Horowitz $7.5M
- Series A 22 Jun 2023, led by Andreessen Horowitz and Shield Capital $16M
- Series B 12 Jun 2024, led by XYZ and CRV $95M
- Series C 29 Apr 2025, led by Point72 Ventures and 8VC $200M
- Series D 12 Sep 2025, led by Interlagos $200M$1.00B post-money
- Growth 5 Jun 2026, led by Glade Brook and Washington Harbour $200M$2.30B post-money
Investors
Who put money in
Andreessen Horowitz led the round with 4 other firms.
Lead investor
- Andreessen Horowitz backs 722 venture-backed companies new investor
Also in the round
- backs 69 venture-backed companies new investor
- backs 9 venture-backed companies new investor
- Lux Capital backs 194 venture-backed companies new investor
- backs 120 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, scaling operations and working capital.
- Hiring
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
40 Seed rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $5.0M, and this round was 1.5 times the median. The closest in time, other companies' Seed rounds in Aerospace and Defence:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Aerospace and Defence | 1 Oct 2022 | $1.4M | not disclosed | not named |
| Aerospace and Defence | 12 Oct 2022 | $972K | not disclosed | Superhero Capital |
| Aerospace and Defence | 16 Nov 2022 | $20M | not disclosed | Type One Ventures |
| Aerospace and Defence | 1 Sep 2022 | $3.9M | not disclosed | not named |
| Aerospace and Defence | 6 Sep 2022 | $1.2M | not disclosed | Republic |
| Aerospace and Defence | 5 Dec 2022 | $7.4M | not disclosed | Alpine Space Ventures and High-Tech Gründerfonds |
| Aerospace and Defence | 30 Aug 2022 | $7.1M | not disclosed | Moonshot Capital |
| Aerospace and Defence | 15 Dec 2022 | $3.5M | not disclosed | Speciale Invest |
Sources
Where this comes from
Reported by 6 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Apex raise in its Seed round?
Apex raised $7.5M in its Seed round, announced in Oct 2022.
Who led Apex's Seed round?
Andreessen Horowitz led it, with XYZ, J2 Ventures, Lux Capital and Village Global.
What was Apex's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Aerospace and Defence?
40 Seed rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $5.0M, and this round was 1.5 times the median.
Did Apex raise again after this round?
Yes: a Series A round in Jun 2023 of $16M.