Funding round
Apex Series D
Apex, which works in satellite platform manufacturing in Los Angeles, raised $200M in a Series D round announced on 12 Sep 2025, led by Interlagos, at a $1.00B post-money valuation. 1 firm took part. It is Apex's fifth venture round on record; the one before was a Series C in Apr 2025.
$200M
Amount raised
$1.00B
Post-money valuation
$800M pre-money
1
Investors
1 lead
20%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Apex at $1.00B after the new money. The $200M bought investors about 20% of the company. It came 5 months after Apex's Series C. It is 28% of the $719M Apex has raised in the venture rounds on record. Apex raised again 9 months later: a Growth round of $200M in Jun 2026, at $2.30B post-money.
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 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 this round 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
Interlagos led the round.
Lead investor
- Interlagos new investor
Joined the board: Tom Ochinero (Interlagos).
Use of proceeds
What the money is for
According to the announcement, the money goes to sales and marketing, scaling operations and working capital.
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
16 Series D rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $500M, and this round was 40% of the median. The closest in time, other companies' Series D rounds in Aerospace and Defence:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Stoke Space Aerospace and Defence | 23 Sep 2025 | $510M | not disclosed | not named |
| CHAOS Industries Aerospace and Defence | 13 Nov 2025 | $510M | $4.50B | Valor |
| Helsing Aerospace and Defence | 17 Jun 2025 | $690M | $16.30B | Prima Materia |
| Aerospace and Defence | 22 Jan 2026 | $53M | not disclosed | Azimut Group |
| Aerospace and Defence | 20 Jan 2026 | undisclosed | not disclosed | not named |
| Aerospace and Defence | 3 Apr 2025 | $21M | not disclosed | Florintee Advisors and Tenacity Ventures |
| Saronic Technologies Aerospace and Defence | 31 Mar 2026 | $1.75B | $9.25B | Kleiner Perkins |
| Epirus Aerospace and Defence | 4 Mar 2025 | $250M | not disclosed | 8VC and Washington Harbour |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Apex raise in its Series D round?
Apex raised $200M in its Series D round, announced in Sep 2025.
Who led Apex's Series D round?
Interlagos led it.
What was Apex's valuation at the Series D round?
$1.00B post-money ($800M pre-money).
How does it compare with other Series D rounds in Aerospace and Defence?
16 Series D rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $500M, and this round was 40% of the median.
Did Apex raise again after this round?
Yes: a Growth round in Jun 2026 of $200M at $2.30B post-money.