About Apandion
Apandion is a venture capital firm founded in 2021. It is primarily based out of Boston, United States. As of Mar 2026, Apandion is an active investor, having invested in 2 companies, with 2 new investments in the last 12 months. It primarily invests in Series B round in United States based startups. Its investments are spread across a wide range of sectors from High Tech to Aerospace, Maritime and Defense Tech and Business Services. Most recently it participated in the $***** Series G round of Shield AI Overall, Apandion portfolio has seen 1 unicorn, namely Shield AI. A lot of funds co-invest with Apandion, with names like Advent International sharing a substantial percentage of its portfolio.Key Metrics
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series B & Series G
Portfolio Unicorns
Apandion's List of All Investments
Apandion has a portfolio of 2 companies, one of which is a Unicorn. Their most notable investments are in Shield AI and Freeform.Their portfolio spans across and United States. They have invested in High Tech, Aerospace, Maritime and Defense Tech, Business Services, across Series B, Series G stages. Here is the list of all investments by Apandion:
1. Shield AI
Developer of AI-powered platforms and software for defense applications. The company provides solutions for mission autonomy, surveillance, and object detection. Its offerings include autonomous pilot software, command and control toolkits, and autonomy development platforms. It also manufactures unmanned aircraft for intelligence, surveillance, and reconnaissance missions.
Key facts about Shield AI
- Founded Year: 2015
- Location: San Diego (United States)
- Valuation: $*****
- Stage: Series G
- Total Funding till date: $3.52B
- Employee Count: 1,551 as on May 31, 2026
- Investors: Disruptive, Hercules Capital and 40 Others
- Latest Funding Round: Series G, Mar 26, 2026, $*****
- Highlight: Editors' Pick
2. Freeform
Key facts about Freeform
- Founded Year: 2018
- Location: Los Angeles (United States)
- Stage: Series B
- Total Funding till date: $126M
- Employee Count: 59 as on May 31, 2026
- Investors: Threshold, Founders Fund and 11 Others
- Latest Funding Round: Series B, Feb 19, 2026, $*****
Apandion's Year-on-Year Investment Trends
Apandion has invested in Shield AI and Freeform in 2026. As of Mar 2026, it has made 2 investments in this year. Its most recent first time investment was in Shield AI.Apandion's Investments by Stage
Apandion has made 1 investment in Series B stage with an average round size of $67M and 1 investment in Series G stage with an average round size of $2B.Apandion's Investments by Sector
Apandion has a diverse portfolio, with companies operating in the Aerospace, Maritime and Defense Tech, Business Services and High Tech. Notably, it has invested in 2 Enterprise (B2B) companies, 1 AI-Native company, 1 Software company and at least 1 company focusing on Tech.Sector | No. of Investments |
|---|---|
Aerospace, Maritime and Defense Tech | 1 |
Business Services | 1 |
High Tech | 1 |
Note: We have considered here, only first round of investments
Apandion's Investments by Geography
Apandion has made most investments in United States (2).Apandion's recent investments
Apandion has made 2 investments in 2026 so far - Shield AI and Freeform.Here are the most recent investments by Apandion:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 26, 2026 | United States | Series G | 9455 | [+6] | |
Feb 19, 2026 | United States | Series B | 6321 |
Unicorns in Apandion's Portfolio
Apandion has 1 unicorn in its portfolio - Shield AI. The most recent unicorn in their portfolio is Shield AI which became a unicorn in 2021, 4 years before Apandion first invested in it.Here is a list of unicorns in Apandion's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
68 | Developer of AI-powered platforms and software for defense applications | 2015 | San Diego | Series G | jqiouhm |
Co-investors of Apandion
Over the past year, 35 investors have co-invested in Apandion's portfolio companies. This includes funds and angels.
- Invested before Apandion: Andreessen Horowitz, Homebrew and 27 others have invested in rounds before Apandion. There is 1 company where Andreessen Horowitz has invested before Apandion and 1 company where Homebrew has invested before Apandion.
- Top Co-investors of Apandion: 6 investors entered a company along with Apandion. These include investors like Advent International (1 company).
Recent News related to Apandion
•
Freeform closes $67m Series B to fund Skyfall laser melting platformVoxelMatters•Feb 20, 2026•Freeform, Apandion, NVentures, AE Ventures and 4 others
