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Apex Raises $95M in Series B Funding to Increase Productized Satellite Bus Manufacturing

๐Ÿ“… Date:

๐Ÿ”– Topics: Funding Event

๐Ÿข Organizations: Apex, XYZ Venture Capital

Apex, a Los Angeles-based spacecraft manufacturing company, announced its $95 million Series B funding round. The funding round was led by XYZ Venture Capital, an early investor in the company, and co-led by CRV, alongside new investors Upfront, 8VC, Toyota Ventures, Point72 Ventures, Mirae Asset Capital, Outsiders Fund, GSBackers, existing investors Andreessen Horowitz, Shield Capital, J2 Ventures, Ravelin, angels Baiju Bhatt, co-founder of Robinhood, and Avalon Capital Group, private investment company founded by Ted Waitt, co-founder of Gateway, Inc.

As the only producer of truly productized satellite buses, Apex is dedicated to helping customers rapidly advance space capabilities. Traditional buses are custom built for every spacecraft, adding months or years to the process of getting payloads on orbit. Apex allows customers to get to space faster, without the need for a bespoke bus for every launch with their productized platform. The fundraise, which allows them to increase production to meet customer demand, follows the successful launch of Apexโ€™s first bus in March and a growing number of customers.

Read more at PR Newswire

๐Ÿš€ Apex Raises $16M in Series A Funding and Reveals Customers Flying on its First Aries Satellite Bus

๐Ÿ“… Date:

๐Ÿ”– Topics: Funding Event

๐Ÿข Organizations: Apex, Andreessen Horowitz, Shield Capital

Apex, the Los Angeles-based spacecraft mass manufacturing company, announced its Series A fundraising round and customers flying on its first Aries satellite bus.

Apexโ€™s $16M Series A funding round, which brings the companyโ€™s total funding to over $27M, was led by venture capital firms Andreessen Horowitz and Shield Capital. Apex will use the additional funding to open a new, 50,000 sq ft production facility in Los Angeles dedicated to serial bus manufacturing. This investment and the new factory will allow the company to expand its production rate and further reduce lead times for its customers.

Read more at Business Wire