Funding round
Apex Series A
Apex, which works in satellite platform manufacturing in Los Angeles, raised $16M in a Series A round announced on 22 Jun 2023, led by Andreessen Horowitz and Shield Capital. 2 firms took part, 1 of them already investors. It is Apex's second venture round on record; the one before was a Seed in Oct 2022.
$16M
Amount raised
Not disclosed
Post-money valuation
2
Investors
2 leads
Valuation
What this round says about the price
Apex did not disclose a valuation in this round. It came 8 months after Apex's Seed. It is 2.2% of the $719M Apex has raised in the venture rounds on record. Apex raised again 12 months later: a Series B round of $95M in Jun 2024. 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 24 Oct 2022, led by Andreessen Horowitz $7.5M
- Series A this round 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 and Shield Capital led the round. Andreessen Horowitz had backed Apex before.
Lead investors
- Andreessen Horowitz backs 722 venture-backed companies existing investor
- backs 28 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
31 Series A rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $16M, and this round was close to the median. The closest in time, other companies' Series A rounds in Aerospace and Defence:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Aerospace and Defence | 20 Jun 2023 | $10M | not disclosed | Peak XV Partners and Kalaari Capital |
| Impulse Space Aerospace and Defence | 24 Jul 2023 | $45M | not disclosed | RTX |
| Aerospace and Defence | 24 May 2023 | $16M | not disclosed | Molten Ventures |
| Aerospace and Defence | 10 May 2023 | $10M | not disclosed | CEECAT Capital |
| Aerospace and Defence | 17 Apr 2023 | $29M | not disclosed | not named |
| True Anomaly Aerospace and Defence | 6 Apr 2023 | $17M | not disclosed | Eclipse |
| Aerospace and Defence | 24 Apr 2023 | $9.0M | not disclosed | Hanwha Aerospace |
| Aerospace and Defence | 9 Mar 2023 | $14M | not disclosed | Munich Re Ventures |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Apex raise in its Series A round?
Apex raised $16M in its Series A round, announced in Jun 2023.
Who led Apex's Series A round?
Andreessen Horowitz and Shield Capital led it.
What was Apex's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Aerospace and Defence?
31 Series A rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $16M, and this round was close to the median.
Did Apex raise again after this round?
Yes: a Series B round in Jun 2024 of $95M.