Key Takeaways
- • Satellite maker Apex is in talks for a new funding round at a roughly $4 billion valuation, according to people familiar with the matter, nearly doubling its value from a prior round in June.
- • Apex is discussing a raise of about $500 million, with the valuation including the capital it is set to raise.
- • Washington Harbour Partners is set to lead the round, with existing investors Andreessen Horowitz and XYZ Venture Capital also participating.
- • The reported terms remain unconfirmed publicly, as the people sourcing the information asked to remain anonymous because the details are not public.
Summary
Satellite manufacturer Apex is in talks to raise a new round of funding at a valuation of roughly $4 billion, according to people familiar with the matter, as cited by Bloomberg. The figure would nearly double the company's valuation from a prior funding round completed in June.
The startup is discussing a raise of about $500 million. The sources said the $4 billion valuation includes the capital Apex is set to raise, meaning it is a post-money figure based on the round's proceeds.
Washington Harbour Partners is set to lead the round. Existing investors Andreessen Horowitz and XYZ Venture Capital are also expected to participate. The sources spoke on condition of anonymity because the information is not public, so the terms could change before any formal announcement.
The report reflects the continued investor appetite for space technology companies, with Apex's reported valuation roughly doubling in a few months. Further details on the company's financials, use of proceeds, or timing of a close were not disclosed in the report.
The startup is discussing a raise of about $500 million. The sources said the $4 billion valuation includes the capital Apex is set to raise, meaning it is a post-money figure based on the round's proceeds.
Washington Harbour Partners is set to lead the round. Existing investors Andreessen Horowitz and XYZ Venture Capital are also expected to participate. The sources spoke on condition of anonymity because the information is not public, so the terms could change before any formal announcement.
The report reflects the continued investor appetite for space technology companies, with Apex's reported valuation roughly doubling in a few months. Further details on the company's financials, use of proceeds, or timing of a close were not disclosed in the report.
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