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Apex has raised $200 million in a Series C round led by Point72 Ventures to accelerate satellite production.

PRIVATEApr 29, 2025•about 1 year ago

Amount Raised

$200 Million

Round Type

SERIES C

Los AngelesManufacturingAerospace

Investors

Step Stone GroupWashington Harbour PartnersAndreessen Horowitz8 VcPoint72 Ventures

Description

Apex announced April 29 that it raised $200 million in a Series C round to help accelerate production of satellite buses. The round was co-led by 8VC, with participation from existing investors and new firms. Apex experienced high investor interest, with demand tripling the amount raised. The company aims to focus on rapid delivery and high quality in satellite manufacturing.

Company Information

Company

Apex

Location

Los Angeles, California, United States

About

Apex is a Los Angeles-based spacecraft manufacturer specializing in productized satellite buses ranging from 100 to 500 kilograms. Founded in 2022 by Ian Cinnamon and Max Benassi, Apex addresses the growing demand for reliable, rapidly deployable spacecraft platforms in the evolving aerospace industry. By integrating software-driven design, vertical manufacturing, and scalable hardware, Apex delivers configurable satellite buses—such as Aries, Nova, and Comet—tailored for missions spanning Earth observation, communications, and defense applications. With a focus on rapid delivery and transparent pricing, Apex enables customers to deploy payloads efficiently, supporting the expansion of space-based capabilities across various sectors.

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VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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