Aspen Aerogels

About

Aspen Aerogels provides thermal management and energy conservation insulation solutions for a variety of industries.

Northborough,Massachusetts,United States
101 - 250
http://www.aerogel.com

Highlights

Details

Last Funding Type: Post-IPO Equity
Last Funding Money Raised: $240M
Industries: Energy,GreenTech,Industrial,Sustainability
Founded date: Jan 1, 2001
Number Of Employee: 101 - 250
Operating Status: Active
Stock Symbol: nyse:ASPN
Legal Name: Aspen Aerogels, Inc.

Aspen Aerogels provides thermal management and energy conservation insulation solutions for a variety of industries. Their insulation products are up to eight times more effective than traditional insulation materials. Aspen Aerogels' insulation provides maximum thermal performance with minimal weight and thickness for a growing range of consumer items, including packaging products and many outdoor gears, apparel, and footwear products.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

16

$791.75M

Aspen Aerogels has raised a total of $791.75M in funding over 2 rounds. Their latest funding was raised on Nov 30, 2022 from a Post-IPO Equity round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Nov 30, 2022	Post-IPO Equity	$240M	—	—	—	Detail
Nov 29, 2022	Post-IPO Debt	$100M	1	General Motors	—	Detail
Feb 22, 2022	Post-IPO Equity	$50M	1	Koch Strategic Platforms	—	Detail
Feb 15, 2022	Post-IPO Debt	$100M	1	Koch Strategic Platforms	—	Detail
Jun 1, 2016	Grant	$2.75M	1	—	—	Detail

Investments

Number of Investments

Number of Lead Investments

5

1

Aspen Aerogels has made 5 investments. Their most recent investment was on Apr 29, 2022, when Anthropic raised $580M.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Apr 29, 2022 Anthropic	Series B	$580M	Artificial Intelligence	—
Apr 28, 2022 Aerones	Seed	$8.30M	Drone Management	—
May 28, 2021 Anthropic	Series A	$124M	Artificial Intelligence	Yes
Jun 8, 2018 Starship Technologies	Seed	$25M	Artificial Intelligence	—
Jul 20, 2016 Mezmo	Seed	$1.30M	Cloud Computing	—

Investors

Number of Lead Investors

Number of Investors

8

10

Aspen Aerogels is funded by 10 investors. General Motors and Koch Strategic Platforms are the most recent investors.

Investor Name	Lead Investor	Funding Round
General Motors	Yes	Post-IPO Debt
Koch Strategic Platforms	Yes	Post-IPO Equity
ARPA-E	—	Grant
Arcapita Ventures	—	Debt Financing
Argonaut Private Equity	—	Debt Financing
BASF Venture Capital	—	Debt Financing
Reservoir Capital Group	—	Debt Financing
RockPort Capital	—	Debt Financing
Tenaya Capital	—	Debt Financing
Lehman Brothers	—	Series D