Funding round
PhysicsX Series A
PhysicsX, which works in AI-Native engineering software development in London, raised $32M in a Series A round announced on 27 Nov 2023, led by General Catalyst. 14 firms took part. It is PhysicsX's first venture round on record.
$32M
Amount raised
Not disclosed
Post-money valuation
14
Investors
1 lead
Valuation
What this round says about the price
PhysicsX did not disclose a valuation in this round. It is PhysicsX's first venture round on record, 4 years after it was founded in 2019. It is 6.6% of the $487M PhysicsX has raised in the venture rounds on record. PhysicsX raised again 24 months later: a Series B round of $155M in Nov 2025, at $1.00B post-money.
Investors
Who put money in
General Catalyst led the round with 13 other firms.
Lead investor
- General Catalyst backs 574 venture-backed companies new investor
Also in the round
- Standard Investments new investor
- backs 53 venture-backed companies new investor
- backs 5 venture-backed companies new investor
- KKR backs 104 venture-backed companies new investor
- Andreessen Horowitz backs 722 venture-backed companies new investor
- Atomico backs 123 venture-backed companies new investor
- backs 15 venture-backed companies new investor
- backs 43 venture-backed companies new investor
- Index Ventures backs 353 venture-backed companies new investor
- backs 70 venture-backed companies new investor
- backs 54 venture-backed companies new investor
- backs 36 venture-backed companies new investor
- backs 7 venture-backed companies
Joined the board: Jim Baum (General Catalyst) and Jeremy Palmer (QuantumBlack).
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
1,440 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $11M, and this round was 3.0 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Together AI Tech Companies | 29 Nov 2023 | $102M | not disclosed | Kleiner Perkins |
| Tech Companies | 7 Nov 2023 | $60M | not disclosed | Andreessen Horowitz and Oak HC/FT |
| Tech Companies | 27 Nov 2023 | $50M | not disclosed | Centana Growth Partners |
| Tech Companies | 16 Nov 2023 | $37M | not disclosed | Morpheus Ventures and Navitas Capital |
| Tech Companies | 28 Nov 2023 | $35M | not disclosed | Lightspeed Venture Partners |
| Tech Companies | 8 Nov 2023 | $25M | not disclosed | Archetype |
| Tech Companies | 28 Nov 2023 | $24M | not disclosed | Index Ventures |
| Tech Companies | 3 Nov 2023 | $23M | not disclosed | not named |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did PhysicsX raise in its Series A round?
PhysicsX raised $32M in its Series A round, announced in Nov 2023.
Who led PhysicsX's Series A round?
General Catalyst led it, with Standard Investments, NGP Capital, Radius Capital Ventures, KKR and Andreessen Horowitz and 8 more.
What was PhysicsX's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
1,440 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $11M, and this round was 3.0 times the median.
Did PhysicsX raise again after this round?
Yes: a Series B round in Nov 2025 of $155M at $1.00B post-money.