APL Ventures

Venture capital · Silicon Valley, San Francisco

Founded in 2024, APL Ventures is a venture capital firm based in Palo Alto, California. 20 portfolio companies and 14 recorded rounds are on record.

AUM
—
Portfolio companies
20
Recorded deals
28
1 in last 12M
Last investment
Sep 2025

APL Ventures key facts

  • APL Ventures is a venture capital firm based in Silicon Valley, San Francisco with 20 tracked portfolio companies.
  • Notable positions include SpaceX, xAI, Anduril Industries.
  • PrivateMarketView records 14 deal participations by APL Ventures.
  • APL Ventures’s most recent recorded investment was in Sep 2025, one of 1 in the last 12 months and 4 over two years.
  • The team roster lists 9 people.

About APL Ventures

Founded in 2024, APL Ventures is a venture capital firm based in Palo Alto, California. The firm prefers to invest in companies operating in the technology, artificial intelligence, fintech, healthcare, corporate, and consumer services sectors across the Asia Pacific.

Investment activity

APL Ventures joined 3 recorded rounds in the last two years, in line with the 3 in the two years before. By year: 2 in 2025 and 4 in 2024. Across all 14 recorded rounds, 5 were later-stage and 1 were early-stage. APL Ventures most often invests alongside AJI Capital (4 shared rounds), 2468 Ventures (3 shared rounds) and Advaita Capital (3 shared rounds).

APL Ventures portfolio at a glance

20 portfolio companies are on record for APL Ventures, including SpaceX, xAI and Anduril Industries. The book leans Business/Productivity Software (4), Aerospace and Defense (3) and General Purpose Semiconductors (1).

14 of the 20 carry a recorded valuation and 7 have recorded secondary-market trades, the names a secondary buyer or seller can price.

APL Ventures team

9 people are on record at APL Ventures: 4 venture partners, 2 partners, 2 advisors and 1 managing partner. Senior names include Yenie Won (Managing Partner), Adi Badhwar (Technology Partner) and Albert Lee (Founder). 3 of them have a verified direct contact on file.

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Portfolio

20 companies · priced for members
CompanyValuationRole
SpaceX▮▮
xAI▮▮
Anduril Industries▮▮
+ 17 more companies · all 20, priced and dated
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APL Ventures recent deals

14 recorded
—Grand Slam TrackUnknown▮
—Shield AIUnknown▮
—HalfmoreUnknown▮
+ 11 more deals · amounts and lead flags are a member featureUnlock all 14 deals

Membership and data by Private Market View

Team
9 people on record — 3 with verified contacts

Partners, principals, and the people who answer a pitch. Pro members reveal contacts with credits.

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Frequently asked about APL Ventures

What companies does APL Ventures invest in?
APL Ventures has 20 recorded portfolio companies, including SpaceX, xAI, Anduril Industries.
Is APL Ventures actively investing?
APL Ventures's most recent recorded investment was in Sep 2025, with 1 investments in the last 12 months.