About Apandion
Apandion is a venture capital firm founded in 2021. It is primarily based out of Boston, United States. As of Aug 2026, Apandion is an active investor, having invested in 3 companies, with 3 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 Energy. Most recently it participated in the $***** Series B round of Valar Atomics Overall, Apandion portfolio has seen 2 unicorns, namely Shield AI and Valar Atomics. A lot of funds co-invest with Apandion, with names like Advent International sharing a substantial percentage of its portfolio.Key Metrics
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series B & Series G
Portfolio Unicorns
Deals in last 12 months
Apandion's List of All Investments
Apandion has a portfolio of 3 companies, including 2 unicorns. Their most notable investments include Shield AI and Valar Atomics.Their portfolio spans across and United States. They have invested in High Tech, Aerospace, Maritime and Defense Tech, Energy and 2 other sectors, across stages such as 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: 1,909 as on Aug 31, 2026
- Investors: Disruptive, Point72 and 44 Others
- Latest Funding Round: Series G, Mar 26, 2026, $*****
- Highlight: Editors' Pick
Key facts about Valar Atomics
- Founded Year: 2023
- Location: El Segundo (United States)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $1.49B
- Employee Count: 156 as on Aug 31, 2026
- Investors: Point72, Hercules Capital and 21 Others
- Latest Funding Round: Series B, Aug 03, 2026, $*****
- Highlight: Editors' Pick
3. Freeform
Key facts about Freeform
- Founded Year: 2018
- Location: Los Angeles (United States)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $126M
- Employee Count: 67 as on Aug 31, 2026
- Investors: Threshold, W Ventures and 12 Others
- Latest Funding Round: Series B, Feb 19, 2026, $*****
Apandion's Year-on-Year Investment Trends
As of Aug 2026, it has made 3 investments in this year. Its most recent first time investment was in Valar Atomics.Apandion's Investments by Stage
Apandion has made 2 investments in Series B stage with an average round size of $534M and 1 investment in Series G stage with an average round size of $2B.Stage of entry | No. of Investments |
|---|---|
Series B | 2 |
Series G | 1 |
Note: We have considered here, only first round of investments
Apandion's Investments by Sector
Apandion has a diverse portfolio, with companies operating in the High Tech, Aerospace, Maritime and Defense Tech, Business Services, Energy and Environment. 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 |
|---|---|
High Tech | 2 |
Aerospace, Maritime and Defense Tech | 1 |
Business Services | 1 |
Energy | 1 |
Environment | 1 |
Note: We have considered here, only first round of investments
Apandion's Investments by Geography
Apandion has made most investments in United States (3).Apandion's recent investments
Apandion has made 3 investments in 2026 so far. Valar Atomics and Shield AI are the latest among them.Here are the most recent investments by Apandion:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 03, 2026 | United States | Series B | 3459 | [+8] | |
Mar 26, 2026 | United States | Series G | 3528 | [+6] | |
Feb 19, 2026 | United States | Series B | 9574 |
Unicorns in Apandion's Portfolio
Apandion has 2 unicorns in its portfolio - Valar Atomics and Shield AI. The most recent unicorn in their portfolio is Valar Atomics. It became a unicorn in 2026.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 |
|---|---|---|---|---|---|---|---|
60 | Manufacturer of nuclear fission reactors | 2023 | El Segundo | Series B | pxjdgcn | ||
68 | Developer of AI-powered platforms and software for defense applications | 2015 | San Diego | Series G | ffhoxxd |
Co-investors of Apandion
Over the past year, 53 investors have co-invested in Apandion's portfolio companies. This includes funds and angels.
- Invested before Apandion: Riot, Snowpoint Ventures and 35 others have invested in rounds before Apandion. There are 2 companies where Riot has invested before Apandion and 2 companies where Snowpoint Ventures has invested before Apandion.
- Top Co-investors of Apandion: 16 investors entered a company along with Apandion. These include investors like Advent International (1 company).
Recent News related to Apandion
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Freeform closes $67m Series B to fund Skyfall laser melting platformVoxelMatters•Feb 20, 2026•Freeform, Apandion, NVentures, AE Ventures and 4 others
