Funding round
Mach Industries Series A
Mach Industries, which works in defense platform development and manufacturing in Huntington Beach, raised $79M in a Series A round announced on 4 Oct 2023, led by Bedrock, at a $335M post-money valuation. 9 firms took part. It is Mach Industries' second venture round on record; the one before was a Seed in Jun 2023.
$79M
Amount raised
$335M
Post-money valuation
$256M pre-money
9
Investors
1 lead
24%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Mach Industries at $335M after the new money. The $79M bought investors about 24% of the company. It came 4 months after Mach Industries' Seed. It is 16% of the $485M Mach Industries has raised in the venture rounds on record. Mach Industries raised again 20 months later: a Series B round of $100M in Jun 2025, at $470M post-money.
Mach Industries' funding rounds
Mach Industries has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Bedrock led the round with 8 other firms.
Lead investor
- backs 38 venture-backed companies new investor
Also in the round
- DCVC backs 171 venture-backed companies new investor
- backs 4 venture-backed companies new investor
- Khosla Ventures backs 396 venture-backed companies new investor
- Sequoia Capital backs 589 venture-backed companies new investor
- backs 22 venture-backed companies new investor
- backs 39 venture-backed companies new investor
- backs 4 venture-backed companies new investor
- BoxGroup backs 175 venture-backed companies new investor
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
28 Series A rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $15M, and this round was 5.1 times the median. The closest in time, other companies' Series A rounds in Aerospace and Defence:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Saronic Technologies Aerospace and Defence | 10 Oct 2023 | $55M | not disclosed | Caffeinated |
| Aerospace and Defence | 16 Oct 2023 | $9.8M | not disclosed | New Legacy and Lerer Hippeau |
| Impulse Space Aerospace and Defence | 24 Jul 2023 | $45M | not disclosed | RTX |
| Aerospace and Defence | 23 Jan 2024 | $35M | not disclosed | Standard Investments |
| K2 Space Aerospace and Defence | 13 Feb 2024 | $51M | $250M | not named |
| Apex Aerospace and Defence | 22 Jun 2023 | $16M | not disclosed | Andreessen Horowitz and Shield Capital |
| Aerospace and Defence | 20 Jun 2023 | $10M | not disclosed | Peak XV Partners and Kalaari Capital |
| Aerospace and Defence | 5 Feb 2024 | $7.0M | not disclosed | Founders Fund |
Sources
Where this comes from
Reported by 4 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Mach Industries raise in its Series A round?
Mach Industries raised $79M in its Series A round, announced in Oct 2023.
Who led Mach Industries' Series A round?
Bedrock led it, with DCVC, Marque Ventures, Khosla Ventures, Sequoia Capital and 1517 Fund and 3 more.
What was Mach Industries' valuation at the Series A round?
$335M post-money ($256M pre-money).
How does it compare with other Series A rounds in Aerospace and Defence?
28 Series A rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $15M, and this round was 5.1 times the median.
Did Mach Industries raise again after this round?
Yes: a Series B round in Jun 2025 of $100M at $470M post-money.