Funding round
Apheris Bridge
Apheris, which works in AI drug discovery platform development in Berlin, raised $8.7M in a Bridge round announced on 8 Nov 2022, led by Octopus Ventures. 5 firms took part, with 1 individual investor. It is Apheris' second venture round on record; the one before was a Seed in Aug 2020.
$8.7M
Amount raised
8,700,000 EUR converted
Not disclosed
Post-money valuation
5
Investors
1 lead
Valuation
What this round says about the price
Apheris did not disclose a valuation in this round. It came 27 months after Apheris' Seed. It is 27% of the $32M Apheris has raised in the venture rounds on record. Apheris raised again 26 months later: a Series A round of $21M in Jan 2025.
Investors
Who put money in
Octopus Ventures led the round with 4 other firms.
Lead investor
- backs 164 venture-backed companies new investor
Also in the round
- LocalGlobe new investor
- backs 26 venture-backed companies new investor
- backs 26 venture-backed companies new investor
- backs 19 venture-backed companies new investor
Individual investors: Berthold von Freyberg.
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations and working capital.
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
34 Bridge rounds in Tech Companies within a year either side disclosed an amount; the median was $2.5M, and this round was 3.6 times the median. The closest in time, other companies' Bridge rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 3 Nov 2022 | $2.0M | not disclosed | not named |
| Tech Companies | 25 Oct 2022 | $4.4M | not disclosed | VI Partners |
| Tech Companies | 1 Oct 2022 | $442K | not disclosed | not named |
| Tech Companies | 26 Sep 2022 | $30M | $700M | Petronas Ventures |
| Tech Companies | 24 Jan 2023 | $5.0M | not disclosed | Flyover Capital |
| Tech Companies | 14 Sep 2022 | $1.1M | not disclosed | Fund Fellow Founders |
| Tech Companies | 2 Jan 2023 | $500K | not disclosed | LEAP Investment |
| Tech Companies | 23 Jan 2023 | undisclosed | not disclosed | Silverneedle Ventures |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Apheris raise in its Bridge round?
Apheris raised $8.7M in its Bridge round, announced in Nov 2022.
Who led Apheris' Bridge round?
Octopus Ventures led it, with LocalGlobe, Dig Ventures, another.vc and Heal Capital.
What was Apheris' valuation at the Bridge round?
It was not disclosed.
How does it compare with other Bridge rounds in Tech Companies?
34 Bridge rounds in Tech Companies within a year either side disclosed an amount; the median was $2.5M, and this round was 3.6 times the median.
Did Apheris raise again after this round?
Yes: a Series A round in Jan 2025 of $21M.