Funding round
Apptronik Seed
Apptronik, which works in humanoid robot design and manufacturing in Austin, raised $15M in a Seed round announced on 23 Jun 2022, led by Capital Factory and Grit Ventures. 3 firms took part. It is Apptronik's first venture round on record.
$15M
Amount raised
Not disclosed
Post-money valuation
3
Investors
2 leads
Valuation
What this round says about the price
Apptronik did not disclose a valuation in this round. It is Apptronik's first venture round on record, 6 years after it was founded in 2016. It is 2.7% of the $545M Apptronik has raised in the venture rounds on record. Apptronik raised again 8 months later: a Seed round of $10M in Feb 2023. Its next priced round, a Series A in Feb 2026, valued it at $5.00B.
Apptronik's funding rounds
Apptronik has 3 venture rounds on record and 1 other deal. This one is highlighted.
Investors
Who put money in
Capital Factory and Grit Ventures led the round with 1 other firm.
Lead investors
- backs 67 venture-backed companies new investor
- backs 10 venture-backed companies new investor
Also in the round
- backs 11 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
30 Seed rounds in Industrial Machinery & Supplies within a year either side disclosed an amount; the median was $3.1M, and this round was 4.6 times the median. The closest in time, other companies' Seed rounds in Industrial Machinery & Supplies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Industrial Machinery & Supplies | 20 Jun 2022 | $3.1M | not disclosed | Y Combinator |
| Industrial Machinery & Supplies | 20 May 2022 | $4.4M | not disclosed | Lowercarbon Capital |
| Industrial Machinery & Supplies | 16 May 2022 | $2.0M | not disclosed | Serpentine Ventures |
| Industrial Machinery & Supplies | 11 May 2022 | $1.9M | not disclosed | not named |
| Industrial Machinery & Supplies | 11 Apr 2022 | $2.7M | not disclosed | Niklas Östberg |
| Industrial Machinery & Supplies | 12 Aug 2022 | $1.1M | not disclosed | not named |
| Figure Industrial Machinery & Supplies | 1 Sep 2022 | $100M | not disclosed | not named |
| Industrial Machinery & Supplies | 9 Mar 2022 | $3.2M | not disclosed | MIG Capital |
Sources
Where this comes from
Reported by 2 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Apptronik raise in its Seed round?
Apptronik raised $15M in its Seed round, announced in Jun 2022.
Who led Apptronik's Seed round?
Capital Factory and Grit Ventures led it, with Perot Jain.
What was Apptronik's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Industrial Machinery & Supplies?
30 Seed rounds in Industrial Machinery & Supplies within a year either side disclosed an amount; the median was $3.1M, and this round was 4.6 times the median.
Did Apptronik raise again after this round?
Yes: a Seed round in Feb 2023 of $10M.