Funding round
Epirus Series A
Epirus, which works in advanced electronics solutions development in Torrance, raised $17M in a Series A round announced on 1 Jan 2019, led by 8VC. 1 firm took part. It is Epirus' first venture round on record.
$17M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Epirus did not disclose a valuation in this round. It is Epirus' first venture round on record, 1 year after it was founded in 2018. It is 3.2% of the $537M Epirus has raised in the venture rounds on record. Epirus raised again 23 months later: a Series B round of $70M in Dec 2020. Its next priced round, a Series C in Feb 2022, valued it at $1.35B.
Epirus' funding rounds
Epirus has 4 venture rounds on record and 1 other deal. This one is highlighted.
- Series A this round 1 Jan 2019, led by 8VC $17M
- Series B 17 Dec 2020, led by Bedrock and L3Harris Technologies $70M
- Grant not a venture round 1 Dec 2021 $243K
- Series C 15 Feb 2022, led by T. Rowe Price Associates, Inc. and 8VC $200M$1.35B post-money
- Series D 4 Mar 2025, led by 8VC and Washington Harbour $250M
Investors
Who put money in
8VC led the round.
Lead investor
- 8VC new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
12 Series A rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $13M, and this round was 1.3 times 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 | 7 Jan 2019 | $32M | not disclosed | HSG and Main Sequence |
| Aerospace and Defence | 13 Mar 2019 | $12M | not disclosed | Airbus Ventures |
| Aerospace and Defence | 24 Sep 2018 | $10M | not disclosed | Climate Investment |
| Aerospace and Defence | 14 Jun 2018 | $35M | not disclosed | Airbus Ventures and Alphabet |
| Aerospace and Defence | 30 Aug 2019 | $9.2M | not disclosed | Material Impact |
| Aerospace and Defence | 18 Sep 2019 | $12M | not disclosed | Moore Venture Partners and Serra Ventures |
| Aerospace and Defence | 28 Oct 2019 | $2.5M | not disclosed | not named |
| Aerospace and Defence | 26 Nov 2019 | $20M | not disclosed | Main Sequence |
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 Epirus raise in its Series A round?
Epirus raised $17M in its Series A round, announced in Jan 2019.
Who led Epirus' Series A round?
8VC led it.
What was Epirus' valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Aerospace and Defence?
12 Series A rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $13M, and this round was 1.3 times the median.
Did Epirus raise again after this round?
Yes: a Series B round in Dec 2020 of $70M.