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project-a.com

Investments

180

Portfolio Exits

31

Funds

5

Partners & Customers

1

About Project A Ventures

Project A is an early-stage investor and operational venture capital fund with a focus on the areas of e-commerce and marketplaces, digital infrastructure solutions and software as a service.

Headquarters Location

Julie-Wolfthorn-Str. 1

Berlin, 10115,

Germany

+49 30 340 606 300

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Latest Project A Ventures News

ARX Secures €1.15 Million Funding for Autonomous Ground Vehicles Benefitting Defense and Civilian First Responders

Sep 19, 2023

ARX Secures €1.15 Million Funding for Autonomous Ground Vehicles Benefitting Defense and Civilian First Responders By In a recent development, ARX, a promising German defense technology startup, proudly announced the successful completion of a €1.15 million Pre-Seed funding round, with Project A Ventures taking the lead. ARX specializes in the development and operation of autonomous Single-to-Multi-Use GEREON ground robots, catering to a wide array of applications. The overarching objective of ARX is to empower soldiers and civilian first responders to make informed decisions and execute more effective actions, particularly in high-stakes, life-threatening scenarios. One of the prominent challenges faced by armed forces lies in the effective training of their personnel. Conventional training methods often prove inefficient and costly, conducted within unrealistic, static environments. ARX steps in with a groundbreaking solution – their robots can serve as intelligent mobile targets for live fire exercises and act as mission-critical assets in the field, adept at detecting and deceiving opposing forces by functioning as decoy and alarm devices. These versatile robotic vehicles have a multifaceted repertoire, capable of simulating gunshot sounds, generating artificial fog, jamming drone signals, creating diversions with laser beams, and even serving as carriers for troop supply or mine detection. Looking forward, ARX envisions a future where their AI-powered software enables robots to autonomously collaborate in swarms, offering mutual support in case of system failures. In addition to military applications, ARX extends its capabilities to the commercial and civilian sectors, providing access to rugged terrains and facilitating the transport of mobile relays to disaster-stricken regions, thereby enhancing internet connectivity during emergencies. Furthermore, ARX plays a pivotal role in bolstering perimeter security, as their robots can automate patrol services for critical infrastructure, installations, and serve as an early intruder detection and alert system for commercial ships. ARX’s range of small to medium-sized autonomous robots is built upon a universal robotic platform, offering flexible add-on and payload solutions tailored to various security and defense-related scenarios. Originating as a spin-off from the GEREON research project at the German Armed Forces University in Munich, ARX was co-founded by Marc Wietfeld (CEO) and Stefan Röbel (COO). Wietfeld, an intrapreneur and active officer in the German Army, drew inspiration for ARX from his firsthand experience as an infantry officer. He has also led research initiatives in robotics and military IoT at the Cyber Innovation Hub and the University of the German Armed Forces. Röbel, on the other hand, transitioned from an army officer role to a tech executive, having held senior management positions at prominent companies such as Grover, Asos, and Amazon. Marc Wietfeld emphasized the transformative potential of autonomous robots, stating, “Autonomous robots will revolutionize efficiency, safety, and 24/7 readiness in both civilian and military use cases. With ARX, we provide an autonomous dual-use robotic platform that is cost-effective and capable of fulfilling multiple roles while saving people’s lives. We have brought together a diverse team of military, research, and industry experts to develop software and hardware solutions that significantly enhance the capabilities of Western Allies.” The initial units developed by ARX are currently undergoing rigorous testing with defense companies and the armed forces of Germany, Austria, Switzerland, and Estonia. Project A Ventures spearheads the funding round, with plans to bolster the team, advance technology, and scale production capabilities. In this article: featured

Project A Ventures Investments

180 Investments

Project A Ventures has made 180 investments. Their latest investment was in Relay as part of their Seed VC on November 11, 2023.

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Project A Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/22/2023

Seed VC

Relay

$10M

Yes

1

10/24/2023

Series B

Quantum Systems

$67.34M

No

2

9/19/2023

Pre-Seed

ARX

$1.22M

Yes

1

9/11/2023

Seed VC

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$99M

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10

8/11/2023

Pre-Seed

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$99M

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10

Date

11/22/2023

10/24/2023

9/19/2023

9/11/2023

8/11/2023

Round

Seed VC

Series B

Pre-Seed

Seed VC

Pre-Seed

Company

Relay

Quantum Systems

ARX

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Amount

$10M

$67.34M

$1.22M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

1

2

1

10

10

Project A Ventures Portfolio Exits

31 Portfolio Exits

Project A Ventures has 31 portfolio exits. Their latest portfolio exit was Opinary on July 24, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/24/2023

Acquired

$99M

3

6/1/2023

Acquired

$99M

1

5/22/2023

Acquired

$99M

1

4/26/2023

Corporate Majority

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$99M

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10

7/4/2022

Acq - Fin

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$99M

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10

Date

7/24/2023

6/1/2023

5/22/2023

4/26/2023

7/4/2022

Exit

Acquired

Acquired

Acquired

Corporate Majority

Acq - Fin

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

3

1

1

10

10

Project A Ventures Acquisitions

2 Acquisitions

Project A Ventures acquired 2 companies. Their latest acquisition was Kfzteile24 on April 20, 2023.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

4/20/2023

Other Venture Capital

$99M

Management Buyout

2

3/20/2015

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$99M

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10

Date

4/20/2023

3/20/2015

Investment Stage

Other Venture Capital

Companies

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Valuation

$99M

$99M

Total Funding

Note

Management Buyout

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Sources

2

10

Project A Ventures Fund History

5 Fund Histories

Project A Ventures has 5 funds, including Project A Fund IV.

Closing Date

Fund

Fund Type

Status

Amount

Sources

6/15/2022

Project A Fund IV

$375M

1

9/25/2019

Project A Fund III

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$99M

10

2/27/2019

Project A Ventures III

$99M

10

2/22/2017

Project A Fund II

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$99M

10

2/22/2017

Project A Follow-On Fund

$99M

10

Closing Date

6/15/2022

9/25/2019

2/27/2019

2/22/2017

2/22/2017

Fund

Project A Fund IV

Project A Fund III

Project A Ventures III

Project A Fund II

Project A Follow-On Fund

Fund Type

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Status

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Amount

$375M

$99M

$99M

$99M

$99M

Sources

1

10

10

10

10

Project A Ventures Partners & Customers

1 Partners and customers

Project A Ventures has 1 strategic partners and customers. Project A Ventures recently partnered with Southern Oregon Historical Society on February 2, 2005.

Date

Type

Business Partner

Country

News Snippet

Sources

2/18/2005

Partner

United States

1

Date

2/18/2005

Type

Partner

Business Partner

Country

United States

News Snippet

Sources

1

Project A Ventures Team

13 Team Members

Project A Ventures has 13 team members, including current Founder, Managing Director, General Partner, Uwe Horstmann.

Name

Work History

Title

Status

Uwe Horstmann

Founder, Managing Director, General Partner

Current

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Name

Uwe Horstmann

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Work History

Title

Founder, Managing Director, General Partner

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Status

Current

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